Ethereum price (ETHUSD) bounced downwards strongly after touching 3425.50$, to test the key support at 3222.00$ by today’s open, noticing that this level consolidates against the negative pressure and push the price to rise again, to head towards resuming the expected bullish trend for the upcoming period, waiting to visit 3425.50$ again, noting that breaching it will push the price to achieve additional gains that start at 3500.00$ and reach 3680.00$ on the near-term basis.

 

On the other hand, we should note that breaking 3222.00$ will stop the expected bullish trend and put the price under additional negative pressure that its next target reaches 3017.30$.

 

The expected trading range for today is between 3140.00$ support and 3425.00$ resistance.

 

Trend forecast: Bullish