ETH/USD prices are trading at $2650 and continue moving within the context of an upward movement and a bull channel. Moving averages point to a short-term bullish trend in Ether. Prices broke through the area between signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of asset value already from current levels. In today’s Ethereum forecast, we should anticipate an attempt for a reduction in coin values and testing of support level near the area 2475. From there, it is reasonable to expect prices to bounce back up and continue the increase in Ethereum’s course with a potential target above the $2845 level.
Ethereum Forecast and ETH/USD Analysis for May 23, 2025
Additional indication of the ETH/USD price rise would be testing the support line on the Relative Strength Index (RSI). The second signal would be a bounce off the lower border of the bullish channel. Cancellation of the cryptocurrency’s rise option will be Ethereum price drop and breaking through the level of 2405. This would indicate the break of the support area and continued ETH/USD price fall to the level of 2165. With the break of the resistance zone and closing prices above the mark of 2775, we should expect confirmation of the price rise.
Ethereum Forecast and ETH/USD Analysis for May 23, 2025 anticipates a bearish correction attempt and testing the support area near the level of 2475. From there, one should expect a rebound and continuation of the cryptocurrency’s rise to an area above the level of 2845. An additional bullish signal would be testing the trend line on the Relative Strength Index (RSI). A breakdown of the region at 2405 would cancel the option for digital currency growth. This would indicate continued depreciation of the digital currency with a potential target below the level of 2165.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
