Ethereum is ending the trading week within a sideways correction. The ETHUSD price is trading near 1873. Moving averages indicate a bearish trend for ETH/USD. Prices are again testing the area between the signal lines, indicating growing selling pressure and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish price correction and a test of the resistance level near 2045. From here, we should expect another downward rebound and a continued decline in the price and Ethereum value, with a potential target below 665, as part of the price forecast for the week.
Ethereum Forecast ETH/USD August 17 – 21, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (August 17-21, 2026) will be a test of the descending resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 2465 would cancel out the downward trend in the cryptocurrency this trading week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 3615. A breakout of the support area and a close below 1775 would confirm a decline in Ethereum, indicating a breakout of the lower boundary of the bullish correction channel.
Ethereum Forecast ETH/USD August 17 – 21, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 2045. From there, a downward rebound and continued decline in the cryptocurrency to below 665 should be expected. A test of the trend line on the relative strength indicator (RSI) would be an additional signal of a decline in the Ethereum price. A strong rally and a breakout of the 2465 area would cancel the downward scenario. In this case, we should expect continued growth with a target above the 3615 area.
