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Ethereum price (ETHUSD) resumes the decline – Forecast today - 07-05-2024
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Ethereum price (ETHUSD) resumes the decline – Forecast today - 07-05-2024
May 6, 2024 9:29 PM

Ethereum (ETHUSD) Price Analysis Ethereum price (ETHUSD) shows more bearish bias to settle below 3132.80$ again, reinforcing the expectations of continuing the correctional bearish trend, which its next target located at 2905.30$.

Moving below the EMA50 supports the continuation of the suggested bearish wave, while breaching 3132.80$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

Expected Trading Range for Today Support: 2960.00$ Resistance: 3170.00$ Trend Forecast Bearish

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