The price of the Ethereum has been showing sideways since morning and maintaining its stability below 712.00, keeping the negative pressure intact so far, noting that our next target is at 492.00.
Therefore, we will continue to bias the bearishness for today unless the level of 712.00 is breached and stability above it, noting that SMA 50 continues to support the suggested bearish wave.
The trading range for today is expected among the support at 492.00 and the resistance at 650.00
The general trend for today is bearish