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Ethereum (ETHUSD) Price Fluctuates Around the Support – Forecast for June 27, 2024

Ethereum (ETHUSD) Price Analysis

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Expected Scenario

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The Ethereum (ETHUSD) price continues to hover around $3360.31, maintaining stability above this level. Recent positive signals from stochastic indicators suggest a potential resumption of the bullish trend. The price is anticipated to target $3493.00 initially, with further potential to rally towards $3641.82 as the next target.

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A break below $3360.31 would disrupt the bullish momentum and could expose the price to correctional bearish pressure once again.

Expected Trading Range

  • Support: $3280.00
  • Resistance: $3530.00

Trend Forecast: Bullish

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