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Ethereum price (ETHUSD) resumes the decline – Forecast today - 18-06-2024
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Ethereum price (ETHUSD) resumes the decline – Forecast today - 18-06-2024
Jun 17, 2024 10:06 PM

Ethereum (ETHUSD) Price Analysis Expected Scenario Ethereum price (ETHUSD) returns to decline clearly to touch our first negative target at 3360.31$ again, and we suggest breaking this level to open the way to achieve additional bearish correction that its next target reaches 3132.80$, to keep the bearish trend valid for the upcoming period, supported by the EMA50. Holding below 3641.82$ represents major condition to the continuation of the expected decline, as breaching it will stop the negative scenario and lead the price to regain the main bullish trend again. Expected Trading Range The expected trading range for today is between 3280.00$ support and 3550.00$ resistance.

Trend Forecast: Bearish

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