ETH/USD prices are trading at 2477 and continue to move within the context of developing a corrective process and forming an inversion pattern “Head and Shoulders”. Moving averages indicate the presence of a short-term upward trend for Ether. Prices have broken through the area between signal lines downwards, indicating pressure from sellers and potential continuation of the asset’s value drop from current levels already. In today’s Ethereum forecast, it is expected to anticipate the development of a bearish correction in the coin and testing the support level near the region around 2405. From there, one should expect price reversals upwards and continuation of Ethereum’s course with potential targets above the level of 2745.
Ethereum Forecast and ETHUSD Analysis for May 21, 2025
Additional signals in favor of ETH/USD price growth will be testing the support line on the Relative Strength Index (RSI). The second signal would be a bounce off the lower border of the reversal pattern “Head and Shoulders”. Confirmation of the cryptocurrency’s rise will come from Ethereum’s price drop and breaking through the level of 2225. This indicates a break-through of the support area and further decline in ETH/USD prices to levels around 1755. A breakthrough of the resistance area and closing prices above the mark of 2665 should indicate confirmation of an increase in price, signaling a breakout through the upper boundary of the “Head and Shoulders” reversal pattern and beginning the implementation of a bullish pattern with targets upwards.
Ethereum Forecast and ETHUSD Analysis for May 21, 2025 anticipates a bearish correction attempt and testing the support area near the level of 2405. From where one should expect a bounce and continuation of the rise in the cryptocurrency ETH/USD above the level of 2745. An additional signal for Ethereum’s growth will be testing the trend line on the relative strength indicator. Cancellation of the digital currency’s upward movement option is a breach of the area at 2225, indicating that it will point to further decline in the digital currency with a potential target below the level of 1755.
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