ETH/USD quotes are trading at 1746 and continue to move within the framework of the development of the correction and the bullish channel. Moving averages indicate a short-term bullish 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 of the coin and a test of the support level near the 1645 area. From where we should again expect an upward price rebound and continued growth of the Ethereum rate with a potential target above the 2045 level.
Ethereum Forecast and Analysis for April 25, 2025
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 lower border of the bullish channel. The cancellation of the cryptocurrency growth option will be a drop in the Ethereum price and a breakout of the 1575 level. This will indicate a breakout of the support area and a continuation of the fall of ETH/USD quotes to the level of 1325. With a breakout of the resistance area and closing of quotes above the 1905 mark.
Ethereum Forecast and Analysis for April 25, 2025 suggests an attempt at a bullish correction and a test of the support area near the level of 1645. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 2045. 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 1575 area. Which will indicate a continuation of the fall of the digital currency with a potential target below the level of 1325.
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