ETH/USD quotes are trading at 2148 and continue to move within a developing correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices are again testing the area between the signal lines, indicating selling pressure and a potential further decline in the asset’s price from current levels. Today’s Ethereum forecast anticipates an attempt at further growth and a test of resistance near 2230. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 1525.
Ethereum Forecast and ETH/USD Analysis for March 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 2505 will cancel out the cryptocurrency’s downward scenario. This will indicate a breakout of the resistance area and continued growth in ETH/USD quotes toward 2845. A breakout of the support area and a consolidation below 1965 will confirm the asset’s price decline, signaling a breakout of the lower boundary of the bullish correction channel.
Ethereum Forecast and ETH/USD Analysis for March 24, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 2230. From there, a rebound and continued decline in the ETH/USD cryptocurrency to below 1525 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 support area at 2505 would invalidate the downward trend, indicating continued upside with a potential target above 2845.
