Ethereum is ending the trading week with a correction at 2282. 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 2495. From here, we should expect another downward rebound and a continued decline in the exchange rate and the Ethereum price, with a potential target below 1005 as part of the weekly price forecast.
Ethereum Forecast ETH/USD May 4 – 8, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (May 4 – 8, 2026) will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 2965 would cancel out the cryptocurrency’s downward price scenario this trading week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 3705. A breakout of the support area and a close below 1935 would confirm a decline in Ethereum, signaling a breakout of the lower boundary of the bullish correction channel.
Ethereum Forecast ETH/USD May 4 – 8, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 2495. From there, a downward rebound and continued decline to below 1005 should be expected. A test of the trendline on the relative strength indicator (RSI) would also signal a decline in Ethereum. The decline scenario would be cancelled by a strong rally and a breakout of the 2965 area. In this case, we should expect continued growth with a target above the 3705 area.
