ETH/USD prices are trading at 2555, and are continuing to move within the context of a correction development and bull channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between signal lines upwards, indicating pressure from buyers and potential continuation of growth in asset value already from current levels. At this point, it’s advisable to anticipate the development of a bearish correction in the coin and testing the support level near the region around 2375. From there, expect prices to bounce back up again and continue Ethereum’s rise with a potential target above the level of 3145.
Ethereum Forecast and ETHUSD Analysis for May 16, 2025
Additional confirmation of the rise in ETH/USD prices would come from testing the support line on the Relative Strength Index (RSI). A second signal would be a bounce off the lower border of the bull channel. Cancellation of the price increase scenario for cryptocurrencies will occur with Ethereum’s price drop and breaching the 2035 level, indicating a breach of the support zone and continued fall in ETH/USD prices to levels around 1775. This would be followed by a break through resistance area and closing quotes above the mark 2825.
Ethereum Forecast and ETHUSD Analysis for May 16, 2025 anticipates a bearish correction attempt and testing the support area near the level of 2375. From where one can expect an upward bounce and continuation of the rise in the ETH/USD cryptocurrency to the region above the level of 3145. An additional signal for Ethereum’s growth would be testing the trend line on the Relative Strength Index (RSI) indicator. A break through the area of 2035 would cancel the option of digital currency growth, indicating that it will point towards a continuation of the fall in the cryptocurrency with a potential target below the level of 1775.
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