ETH/USD quotes are trading at 1897 and continue to move within a downward trend and a descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken below the signal lines, indicating selling pressure and potential continued decline from current levels. Today’s Ethereum forecast anticipates an attempt at a bullish correction and a test of resistance near 1945. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 1625.
Ethereum Forecast and ETH/USD Analysis for February 24, 2026
An additional signal favoring a decline in ETH/USD quotes will be a test of the bearish trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A strong rise in Ethereum and a breakout of 2175 will cancel the downward trend. This will indicate a breakout of the resistance area and a continued rise in ETH/USD quotes to 2665. A breakout of the support area and a consolidation below 1745 will confirm the asset’s price decline, signaling a breakout of the lower boundary of the descending channel and a signal to fall by the width of the channel.
Ethereum Forecast and ETH/USD Analysis for February 24, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 1945. From there, a rebound and continued decline in the ETH/USD cryptocurrency to below 1625 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal for a decline in Ethereum. A break of the resistance area at 2175 would invalidate the downward trend, indicating continued upward movement with a potential target above 2665.
