ETH/USD quotes are trading at 1572 and continue to move within the development of a decline and a bullish channel. Moving averages indicate the presence of 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 asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction of the coin and a test of the resistance level near the 1655 area. From where we should again expect a downward rebound in prices and a continuation of the fall in the Ethereum rate with a potential target below 1335.
Ethereum Forecast and Analysis for April 17, 2025
An additional signal in favor of a fall in ETH/USD quotes will be a test of the resistance 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 fall option will be a strong increase in the Ethereum value and a breakout of the 1865 level. This will indicate a breakout of the resistance area and continued growth of ETH/USD quotes to the level of 2175. With a breakout of the support area and closing of quotes below the 1465 mark, which will indicate a breakout of the lower border of the bullish correction channel.
Ethereum Forecast and Analysis for April 17, 2025 suggests an attempt at a bullish correction and a test of the resistance area near the 1655 level. Where should we expect a rebound and a continued fall of the ETH/USD cryptocurrency to the area below the 1335 level. An additional signal in favor of a decline in Ethereum will be a test of the trend line on the relative strength indicator. The breakdown of the 1865 area will cancel the option of the digital currency falling. This will indicate the continuation of the growth of the digital currency with a potential target above the 2175 level.
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