Ethereum concludes the trading week amid a sharp decline and within a bearish channel. The ETH/USD exchange rate is currently positioned near the 2474 level. Moving averages point to an underlying bullish trend for ETH/USD. Prices have broken upward through the area between the signal lines, indicating mounting pressure from buyers and the potential for further gains from current levels. In the near term, we may see an attempt to push the price higher, testing the resistance zone near 2625. From there, a downward rebound is expected, leading to a continued decline in Ethereum’s value—potentially targeting levels below 1665—as part of this weekly forecast.
Ethereum Forecast ETH/USD October 19 – 23, 2026
An additional signal supporting a decline in ETH/USD for the week of October 19–23, 2026, is a test of the downward trend line on the Relative Strength Index (RSI). A second signal would be a rebound off the upper boundary of the bearish channel. This bearish outlook would be invalidated by a strong rally that breaks through the 3065 level; such a move would signify a breakout above the resistance zone and suggest further upside for ETH/USD, with a potential target above 3645. Conversely, a breakdown of the support zone—confirmed by a close below 2265—would signal a breach of the lower boundary of the bullish channel, further validating the downward outlook for Ethereum.
Ethereum Forecast ETH/USD October 19 – 23, 2026 suggests an attempt at a bullish correction, testing the resistance area near the 2625 level. From there, a downward rebound is expected, leading to a continued decline in the cryptocurrency toward the area below 1665. An additional signal supporting a drop in the Ethereum price would be a test of the trend line on the Relative Strength Index (RSI). This bearish scenario would be invalidated by a strong rally and a breakout above the 3065 level; in that case, further gains could be expected, targeting levels above 3645.
