ETH/USD quotes are trading at 2476 and continue to move within the growth development and bullish channel. Moving averages indicate the presence of a short-term bullish trend on Ether. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of the asset value already from the 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 2205 area. From where we should again expect a rebound in prices upwards and continued growth of Ethereum with a potential target above the level of 3075.
Ethereum Forecast and Analysis for May 14, 2025
An additional signal in favor of ETH/USD quotes growth will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel. The option of cryptocurrency’s rise will be canceled by a drop in the value of Etherium and a breakdown of the level 2035. This will indicate the breakdown of the support area and the continuation of the ETH/USD quotes decline to the level of 1645. With the breakdown of the resistance area and closing quotes above the 2745 level.
Ethereum Forecast and Analysis for May 14, 2025 suggests a bearish correction attempt and a test of the support area near the 2205 level. From where we should expect a rebound and continuation of the cryptocurrency ETH/USD climb to the area above the level of 3075. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength indicator. A breakdown of the 2035 area will cancel the growth option of the digital currency. This will indicate the continuation of the digital currency decline with a potential target below the level of 1645.
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