#BitcoinKeyZone

Ethereum (ETHUSD) price faces temporary negative pressure – Today's forecast 12-13-2024

Ethereum (ETHUSD) price ended yesterday's trading with noticeable negativity, breaking the support of the ascending channel and settling below it, but we notice that the price starts today with positivity to try to return to this channel, as it gets positive support from the 50 moving average, while the Stochastic indicator is trying to gain positive momentum on the intraday time frames.

Therefore, we expect to witness positive trading during the upcoming sessions, and the targets start at $4086.00 and extend to $4200.00, noting that breaking $3870.00 will stop the upward trend and pressure the price to test the $3680.00 areas initially.

Expected trading range for today is between support $3800.00 and resistance $4050.00

Today's price forecast: High $ETH