Ethereum ETH/USD ends the trading week with a fall at 1776 and continues to move within the correction and descending channel. Moving averages indicate a downward trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 1345 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the 2665 level.
Ethereum Weekly Forecast April 28, 2025 — May 2, 2025
An additional signal in favor of the growth of ETH/USD quotes in the current trading week of April 28, 2025 — May 2, 2025 will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the support area. The cancellation of the growth option for the cryptocurrency in the current trading week will be a fall and a breakout of the 905 level. This will indicate a breakout of the support area and a continuation of the fall in ETH/USD quotes with a potential target below the 665 level. The growth of the Ethereum cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the 2185 level, which will indicate a breakout of the upper boundary of the descending channel.
Ethereum Weekly Forecast April 28, 2025 — May 2, 2025 suggests an attempt to develop a bearish correction and test the support area near the 1345 level. From where we should expect an upward rebound and continued growth of the cryptocurrency to the area above the 2665 level. An additional signal in favor of the rise in the Ethereum rate will be a test of the trend line on the relative strength indicator. The growth option will be cancelled by a fall and a breakout of the 905 area. In this case, we should expect a continuation of the decline with a target below the 665 area.
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