Ethereum ends the trading week with a fall at the level of 2489 and continues to move within the descending channel. Moving averages indicate the presence of a downtrend on ETH/USD. Prices are testing the area between the signal lines again, which indicates the pressure from the sellers of the cryptocurrency and the potential continuation of the decline from the current levels. Now we should expect an attempt to develop a bullish correction of the price and test the resistance level near the area of 2965. From where we should again expect a downward rebound and a continuation of the decline in the rate and value of Ethereum with a potential target below the level of 1645.
Ethereum Weekly Forecast ETH/USD July 7 — 11, 2025
An additional signal in favor of ETH/USD quotes decline in the current trading week July 7 — 11, 2025 will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the bearish channel. A strong growth and a breakdown of the 3265 level will cancel the option of the cryptocurrency value decline in the current trading week. This will indicate the breakdown of the resistance area and continued growth of ETH/USD quotes with a potential target above the level of 3645. Confirmation of Ethereum cryptocurrency’s fall will be the breakdown of the support area and closing of quotes below the level of 2065, which will indicate the breakdown of the lower boundary of the bullish correction channel.
Ethereum Weekly Forecast ETH/USD July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the level of 2965. From where we should expect a downward bounce and a continuation of the cryptocurrency’s fall to the area below the level of 1645. An additional signal in favor of a decline in the rate of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of the fall option will be a strong growth and breakdown of the area of 3265. In this case we should expect the continuation of the rise with a target above the 3645 area.
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