ETH/USD are trading at 2599 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset’s value from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a tes2t of the support level near the 2420 area. From where we should again expect an upward price rebound and continued growth in the Ethereum rate with a potential target above the 3165 level.
Ethereum Forecast and Analysis for September 27, 2024
An additional signal in favor of growth in 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 2305 level. This will indicate a breakout of the support area and continued growth of ETH/USD quotes to the 2045 level. With a breakout of the support area and closing of quotes below the 2805 mark.
Ethereum Forecast and Analysis for September 27, 2024 suggests an attempt at correction and a test of the support area near the 2420 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the 3165 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 2305 area. Which will indicate a continued fall of the digital currency with a potential target below the 2045 level.
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