ETH/USD are trading at 2422 and continue to move within the growth development and have left the descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 2395 area. From where we should again expect an upward rebound in prices and a continuation of the Ethereum rate growth with a potential target above the 2575 level.
Ethereum Forecast and Analysis for September 20, 2024
An additional signal in favor of the growth of ETH/USD quotes will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper border of the descending channel. The cancellation of the cryptocurrency growth option will be a drop in the Ethereum value and a breakout of the 2225 level. This will indicate a breakout of the support area and continued growth of ETH/USD quotes to the 1825 level. With a breakout of the support area and closing of quotes below the 2185 mark.
Ethereum Forecast and Analysis for September 20, 2024 suggests an attempt at correction and a test of the support area near the 2395 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the 2575 level. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. The cancellation of the digital currency growth option will be a breakout of the 2225 area. Which will indicate a continued fall of the digital currency with a potential target below the 1825 level.
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