ETH/USD spot prices are at 2647 and continue trading within the bounds of an upward movement and a Triangle formation model. The moving averages point towards a short-term bullish trend for Ether. Prices have broken through the area between signal lines upwards, indicating pressure from buyers and potential continuation of the asset’s value growth from current levels. For Ethereum’s forecast today, anticipate an attempt at developing a decline in the coin near support level close to 2565. From there, expect price reversals upward and continuation of the Ethereum course with a potential target above the 3205 level.
Ethereum Forecast and ETH/USD Analysis for May 29, 2025
Additional indication of the ETH/USD price growth would be a test of the bull trend line on the Relative Strength Index (RSI) indicator. The second signal would be a bounce off the lower border of the “Triangle” model. Cancellation of the cryptocurrency rise option will be when Ethereum’s value falls and breaches the 2365 level. This indicates a break of the support area and continuation of ETH/USD price decline to the level of 1825. With a breach of the resistance zone and closing prices above the mark of 2865, we should anticipate confirmation of price growth, indicate a breach of the Triangle model’s upper border and begin implementation of the pattern with targets upwards.
Ethereum Forecast and ETH/USD Analysis for May 29, 2025 anticipates a bearish correction attempt and testing the support area near the level of 2565. From where one should expect a bounce and continuation of the cryptocurrency ETH/USD rise to an area above the level of 3205. An additional signal in favor of Ethereum growth would be a test of the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the digital currency’s rise option will be breaking through the area of 2365, which indicates continuation of the drop in the digital currency with a potential target below the level of 1825.
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