Ethereum ETH/USD ends the trading week at 2773 and continues to move within the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, indicating pressure from cryptocurrency sellers and potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 2415 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level of 3675.
Ethereum Weekly Forecast February 24 — 28, 2025
An additional signal in favor of the growth of ETH/USD quotes in the current trading week of February 24 — 28, 2025 will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the option for the rise in the value of the cryptocurrency in the current trading week will be a fall and a breakout of the 2135 level. This will indicate a breakout of the support area and a continuation of the fall in ETH/USD quotes with a potential target below the 1675 level. The growth of the Ethereum cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the 2965 level, which will indicate a breakout of the upper border of the descending correction channel.
Ethereum Weekly Forecast February 24 — 28, 2025 suggests an attempt to develop a bearish correction and test the support area near the 2415 level. From where we should expect an upward rebound and continued growth of the cryptocurrency to the area above the 3675 level. An additional signal in favor of the rise in the Ethereum rate will be a test of the trend line on the relative strength indicator. The cancellation of the growth option will be a fall and a breakout of the 2135 area. In this case, we should expect a continuation of the decline with a target below the 1675 area.
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