Ethereum concludes the trading week with growth at a level of 2626, continuing movements within the framework of a rising trend and leaving the boundaries of the descending channel. Moving averages point to a downward trend in ETH/USD. Prices pierced the area between signal lines upwards, indicating pressure from Ethereum cryptocurrency buyers and potential continuation of the rise already from current levels. Currently, it is worth expecting an attempt at developing a bearish price correction and testing the support level near the area 2175. From there, one should again expect a bounce upward and continue the rise in the course and value of Ethereum with a potential target above the level of 3345.
Ethereum Weekly Forecast ETHUSD May 19 — 23, 2025
Additional indication for the rise in ETH/USD quotes for the current trading week of May 19 – 23, 2025 is a test of the support line on the Relative Strength Index (RSI). The second signal will be a bounce off the upper boundary of the descending channel. Cancellation of the option for an increase in cryptocurrency price for the current trading week will be a drop below level 1765, which will indicate a break of the support area and continued decline in ETH/USD quotes with a potential target below level 1245. Confirmation of the growth of Ethereum cryptocurrency will be a breakout above resistance and closing of quotes above the level of 2885.
Ethereum forecast for the week of May 19 – 23, 2025 suggests an attempt to develop a bearish correction and testing the support area near the level of 2175. From where one should expect a rise upwards and continuation of the growth of cryptocurrency in the region above the level of 3345. An additional signal for Ethereum’s price increase will be a test of the trend line on the Relative Strength Index (RSI) indicator. The rejection of the growth option is a drop below the area of 1765. In this case, one should anticipate further decrease with a target below the region of 1245.
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