Ethereum Price Analysis (ETHUSD) - June 19, 2024

Expected Scenario:

Ethereum (ETHUSD) found solid support at the $3,360.31 level and is rebounding towards the key resistance at $3,641.82. If the price remains below this resistance, the bearish trend is likely to continue. The downside targets include breaking the mentioned support and aiming for $3,132.80.

Stochastic Indicator:

The stochastic indicator shows a loss of positive momentum, supporting the likelihood of resuming the bearish trend.

Expected Trading Range for Today:

Between the support at $3,360.00 and the resistance at $3,660.00.

Trend Forecast:

Overall Bearish.