ETH/USD quotes are trading at 1804 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset 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 1715 area. From where we should again expect an upward rebound in prices and continued growth of the Ethereum rate with a potential target above the 2035 level.
Ethereum Forecast and Analysis for April 30, 2025
An additional signal in favor of the growth of 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 1565 level. This will indicate a breakout of the support area and a continuation of the fall of ETH/USD quotes to the level of 1225. With a breakout of the resistance area and closing of quotes above the 1925 mark.
Ethereum Forecast and Analysis for April 30, 2025 suggests an attempt at a bullish correction and a test of the support area near the 1715 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the 2035 level. 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 1565 area. Which will indicate a continuation of the fall of the digital currency with a potential target below the 1225 level.
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