The ETH/USD quotes are trading at 2,428 and continue to move within the development of a decline and the beginning of the “Triangle” pattern formation. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downward, signaling pressure from sellers and the potential continuation of the asset’s decline from current levels. At present, an attempt to develop a bullish correction of the coin’s value and test the resistance level near the 2,655 area is expected. From there, a downward rebound is anticipated, followed by a continuation of Ethereum’s price decline with a potential target below the 1,865 level.
Ethereum Forecast and Analysis for February 26, 2025
An additional signal in favor of the decline in ETH/USD quotes is the test of the resistance line on the Relative Strength Index (RSI) indicator. The second signal will be a rebound from the lower boundary of the “Triangle” pattern. The cancellation of the decline scenario for Ethereum will occur with a strong price increase and a breakout of the 2,995 level. This will indicate a breakout of the resistance area and the continuation of ETH/USD’s rise toward the 3,425 level. A breakout of the support area and closing below the 2,315 level will also confirm the continuation of the decline.
Ethereum Forecast and Analysis for February 26, 2025 suggests an attempt for a bullish correction and a test of the resistance area near the 2,655 level. From there, a rebound and the continuation of the ETH/USD cryptocurrency’s decline is expected, with a potential target below the 1,865 level. An additional signal in favor of Ethereum’s decline will be the test of the trendline on the RSI indicator. The cancellation of the decline scenario for the digital currency will occur with a breakout of the 2,995 level, signaling a continuation of the rise, with a potential target above the 3,425 level.
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