ETH/USD quotes are trading at 1806 and continue to move within the framework of the correction and bullish channel development. 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 a potential continuation of the asset’s value growth 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 1745 area. From where we should again expect an upward rebound in prices and a continued growth of the Ethereum rate with a potential target above the 2055 level.
Ethereum Forecast and Analysis for May 2, 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 1605 level. This will indicate a breakout of the support area and a continuation of the fall in ETH/USD quotes to the 1125 level. With a breakout of the resistance area and closing of quotes above the 1905 mark.
Ethereum Forecast and Analysis for May 2, 2025 suggests an attempt at a bullish correction and a test of the support area near the 1745 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the 2055 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 1605 area. Which will indicate a continuation of the fall of the digital currency with a potential target below the 1125 level.
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