Over the past 24 hours, Ethereum (ETH) has experienced a slight decline, with its price decreasing by approximately 0.21% to $3,249.78.
Technical analysis indicates that ETH is currently testing a support level around $3,100. The expected trading range for today is between $3,100 support and $3,370 resistance.
The overall trend remains bullish, with the next main target located at $3,425.50.
In the medium term, ETH has broken the floor of its rising trend channel, suggesting a potential weakening in its upward momentum.
In summary, while Ethereum is currently facing some resistance and has experienced a minor decline, the prevailing technical indicators suggest a cautiously optimistic outlook, with key support levels holding and potential for upward movement if resistance levels are breached.
