Ethereum price (ETHUSD) returns to fluctuate at 3222.00$ level, waiting to break this level to confirm extend the correctional bearish wave and open the way to visit 3017.30$ as a next negative target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 3425.50$ will stop the bearish wave and push the price to start recovery attempts on the intraday and short term basis.

 

The expected trading range for today is between 3120.00$ support and 3380.00$ resistance.

 

Trend forecast: Bearish