Ethereum ETH/USD ends the trading week with growth at the level of 2211 and continues to move within the development of growth and left the descending channel. Moving averages indicate the presence of a downward trend for ETH/USD. Prices are again testing the area between the signal lines, 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 1785 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 level of 2885.
Ethereum Weekly Forecast May 12 — 16, 2025
An additional signal in favor of the growth of ETH/USD quotes in the current trading week of May 12 — 16, 2025 will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper border of the descending channel. The cancellation of the option for the rise in the value of the cryptocurrency in the current trading week will be a fall and a breakout of the level of 1565. 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 level of 1145. The growth of the Ethereum cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the level of 2345.
Ethereum Weekly Forecast May 12 — 16, 2025 suggests an attempt to develop a bearish correction and test the support area near the level of 1785. From where we should expect an upward rebound and continued growth of the cryptocurrency to the area above the level of 2885. 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 cancellation of the growth option will be a fall and a breakout of the 1565 area. In this case, we should expect a continuation of the decline with a target below the 1145 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
