#MarketRebound

Ethereum (ETHUSD) Price Tests Resistance – Today's Forecast 12-24-2024

Ethereum (ETHUSD) price tested the resistance level of $3425.50 and maintained its stability below it, accompanied by the emergence of clear negative signals through the Stochastic indicator, waiting to motivate the price to resume the bearish corrective trend, whose targets start at $3222.00 and extend to $3017.30 after breaking the previous level.

The negative pressure formed by the 50-period moving average supports the continuation of the expected decline, while breaking the $3425.00 and then $3510.00 levels will stop the bearish wave to push the price towards returning to the main upward path again.

Expected trading range for today is between support $3230.00 and resistance $3500.00

Today's price forecast: Low $ETH