Ethereum (ETHUSD) price traded lower after retesting the previously broken neckline of the double top pattern shown in the chart above, moving below $3425.50 and reinforcing expectations of a continuation of the bearish corrective trend during the upcoming sessions, and the path is open to achieving the first target at $3222.00, noting that breaking it will push the price towards $3017.30 as a next negative station.
On the other hand, it should be noted that breaching the $3510.00 level will stop the downtrend and push the price to build an upward wave whose targets begin by visiting the $3680.00 level.
The expected trading range for today is between support $3230.00 and resistance $3500.00.
Price forecast $ETH for today: Low