ETH/USD quotes are trading at 3845 and continue to move within a declining channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken below the signal lines, indicating selling pressure and potential continued declines from current levels. Today’s Ethereum forecast anticipates an attempt at a bullish correction and a test of resistance near 3965. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 3325.
Ethereum Forecast and ETH/USD Analysis for October 23, 2025
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 upper boundary of the descending channel. A strong rise in Ethereum and a breakout of 4275 would cancel the cryptocurrency’s downward scenario. This would indicate a breakout of the resistance area and continued growth in ETH/USD prices toward 4365. A breakout of the support area and a close below 3735 would also be expected.
Ethereum Forecast and ETH/USD Analysis for October 23, 2025 suggests an attempt at a bullish correction and a test of the resistance area near 3965. From there, a rebound and continued decline in ETH/USD to below 3325 should be expected. A test of the trendline on the relative strength indicator would also signal a decline in Ethereum. A breakout of the support area at 4275 would cancel the digital currency’s downward scenario. This would indicate continued growth in the digital currency with a potential target above 4365.
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