ETH/USD quotes are trading at 2602 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 the pressure from the 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 test the support level near the area of 2475. From where we should again expect a rebound in prices upwards and continuation of Ethereum rate growth with a potential target above the level of 3055.
Ethereum Forecast and Analysis for May 15, 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 border 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 2375. This will indicate the breakdown of the support area and the continuation of the ETH/USD quotes decline to the level of 2005. With the breakdown of the resistance area and closing quotes above the 2835 level.
Ethereum Forecast and Analysis for May 15, 2025 suggests an attempt of bearish correction and a test of the support area near the level of 2475. From where we should expect a rebound and continuation of the cryptocurrency ETH/USD rise to the area above the level of 3055. 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 2375 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 2005.
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