Ethereum ETH/USD ends the trading week with a fall at 1899 and continues to move within the fall 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 bullish price correction and a test of the resistance level near the 2175 area. From where we should again expect a downward rebound and a continuation of the fall in the rate and cost of Ethereum with a potential target below the 985 level.
Ethereum Weekly Forecast March 17 — 21, 2025
An additional signal in favor of a fall in ETH/USD quotes in the current trading week of March 17 — 21, 2025 will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the fall in the cryptocurrency price during the current trading week will be a strong growth and a breakout of the 2625 level. This will indicate a breakout of the resistance area and continued growth of ETH/USD quotes with a potential target above the 3005 level. The fall of the Ethereum cryptocurrency will be confirmed by a breakout of the support area and closing of quotes below the 1705 level.
Ethereum Weekly Forecast March 17 — 21, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 2175 level. From where we should expect a downward rebound and a continuation of the fall of the cryptocurrency to the area below the 985 level. An additional signal in favor of a decrease in the Ethereum rate will be a test of the trend line on the relative strength indicator. The cancellation of the fall option will be a strong growth and a breakout of the 2625 area. In this case, we should expect a continuation of the rise with a target above the 3005 area.
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