Ethereum Price Forecast Update Today 02-01-2025

Ethereum (ETHUSD) price is trading positively to break the $3425.50 level and head towards a potential test of the pivotal resistance $3510.00, and as we mentioned in our recent reports, stability below this resistance is required to continue the expected downward trend for the coming period, motivated by the current negativity of the Stochastic indicator, noting that the price needs to trade below $3425.50 to revive the negative scenario whose first target is at $3222.00.

The expected trading range for today is between the support $3240.00 and the resistance $3500.00

Price forecast for today: Low $ETH