ETH/USD quotes are trading at 2,386 and continue moving within a bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the signal lines downward, indicating selling pressure and the potential continuation of the asset’s decline from current levels. At the moment, a bullish correction attempt is expected, with a test of the resistance level near 2,570. From there, a downward rebound and the continuation of Ethereum’s decline toward a potential target below 1,545 should be anticipated.
Ethereum Forecast and Analysis for March 4, 2025
An additional signal in favor of ETH/USD price decline will be a test of the resistance line on the Relative Strength Index. A second signal in favor of this scenario will be a rebound from the upper boundary of the descending channel. The cancellation of the cryptocurrency decline scenario will be a strong increase in Ethereum’s value and a breakout above the 2,965 level. This will indicate a breakout of the resistance area and a continuation of ETH/USD growth toward 3,325, with further confirmation if prices break below 2,285.
Ethereum Forecast and Analysis for March 4, 2025 suggests an attempt at a bullish correction and a test of the resistance area near 2,570. From there, a rebound and the continuation of the ETH/USD cryptocurrency decline toward an area below 1,545 should be expected. An additional signal in favor of Ethereum price decline will be a test of the trend line on the Relative Strength Index. The cancellation of the digital currency decline scenario will be a breakout above 2,965, indicating the continuation of Ethereum’s growth toward a potential target above 3,325.
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