ETH/USD quotes are trading at 1654 and continue to move as part of a downward trend and the beginning of a Head and Shoulders reversal pattern. 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 1775. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 1285.
Ethereum Forecast and ETH/USD Analysis for June 24, 2026
An additional signal for a decline in ETH/USD prices will be a test of the bearish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the Head and Shoulders reversal pattern. A strong rise in Ethereum and a breakout of 1945 would cancel the cryptocurrency’s downward scenario. This would indicate a breakout of the upper boundary of the bearish channel and continued growth in ETH/USD prices to 2665. A breakout of the support area and consolidation below 1525 would confirm the asset’s downward trend.
Ethereum Forecast and ETH/USD Analysis for June 24, 2026 suggests an attempt to develop a bullish correction and a test of the resistance area near 1775. From there, a rebound and continued decline in ETH/USD to below 1285 should be expected. A test of the trendline on the relative strength indicator (RSI) would also signal a decline in Ethereum. A breakout of the 1945 resistance area would cancel the digital currency’s downward scenario. This would indicate continued growth in the digital currency with a potential target above 2665.
