Ethereum (ETHUSD) Price Analysis Expected Scenario The Ethereum price shows some bullish bias to test the EMA50, but stochastic loses its positive momentum clearly. We wait for a motivation to resume the bearish wave targeting testing 2905.30$ initially, with further targets at 2800.00$ and 2623.80$.

Holding below 3132.80$ is important for the continuation of the expected decline. Breaching it will lead the price to attempt regaining the main bullish trend to head towards visiting 3360.31$ as a first target.

Expected Trading Range for Today Between the support at 2900.00$ and the resistance at 3110.00$

Trend Forecast: Bearish