ETH/USD are trading at 3132 and continue to move as part of the development of a correction and a bearish channel. Moving averages indicate a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a fall in the value of the coin and a test of the support level near the 3065 area. From where we can again expect a rebound in prices and continued growth of the Ethereum rate with a potential target above the level of 3605.
Ethereum Forecast for April 26, 2024
An additional signal in favor of an increase in ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the cryptocurrency growth option will be a strong increase in the value of Ethereum and a breakdown of the level of 2745. This will indicate a breakdown of the support area and a continued decline in ETH/USD quotes to the level of 2395. With a breakdown of the resistance area and closing of quotes above the level of 3675, which will indicate a breakdown of the upper limit of the downward trend correction channel.
Ethereum Forecast for April 26, 2024 assumes an attempt at correction and a test of the support area near the level of 3065. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 3605. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of the growth option for the digital currency will be a breakdown of the 2745 area. This will indicate a continued fall of the digital currency with a potential target below the level of 2395.
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