Ethereum ETH/USD ends the trading week with a fall at 1822 and continues to move within the development of a bullish correction and a 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 price growth and a test of the resistance level near the 1975 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 level of 865.
Ethereum Weekly Forecast May 5 — 9, 2025
An additional signal in favor of a decrease in ETH/USD quotes in the current trading week of May 5 — 9, 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 descending 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 2205 level. This will indicate a breakout of the resistance area and continued growth of ETH/USD quotes with a potential target above the 2665 level. The fall of the Ethereum cryptocurrency will be confirmed by a breakout of the support area and closing of quotes below the 1765 level.
Ethereum Weekly Forecast May 5 — 9, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the 1975 level. From where we should expect a downward rebound and continued fall of the cryptocurrency to the area below the 865 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 2205 area. In this case, we should expect continued growth with a target above the 2665 area.
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