ETH/USD quotes are traded at 1596 and continue to move as part of the development of a decrease and a downward channel. Sliding average indicate the presence of a short -term bearish trend on the ether. Prices broke through the area between the signal lines down, which indicates the pressure from the sellers and the potential continuation of the drop in the value of the asset from current levels. At the moment, it is worth expecting an attempt to develop bull correction of the coin and a test level of resistance near the area 1645. Where to again expect the bidding down the prices and the continuation of the fall of the Ethereum course with a potential goal below the level of 1405.
Ethereum Forecast and Analysis for April 18, 2025
An additional signal in favor of the fall of the ETH/USD quotes will be the test of the resistance line on the relative force indicator. The second signal will be the hift from the upper boundary of the descending channel. The cancellation of the option of falling cryptocurrency will be a strong increase in the cost of the Ethereum and a breakdown of the level of 1765. This will indicate a breakdown of the resistance area and the continuation of the growth of ETH/USD quotations to level 2205. With the breakdown of the support area and closing of the quotes below the mark 1485.
Ethereum Forecast and Analysis for April 18, 2025 implies an attempt by bull correction and the resistance test area near the level of 1645. Where to expect a rebound and continuation of the ETH/USD cryptocurrency fall into the area below the level of 1405. An additional signal in favor of a decrease in Ethereum will be the trend on the relative force indicator. The cancellation of the option of falling digital currency will be the breakdown of the area 1765. Which will indicate the continuation of the growth of the digital currency with a potential target above level 2205.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
