The Ethereum price forecast for tomorrow, February 9, is made with the quotes of the main altcoin at around $ 1645. On Monday, February 8, everyone was waiting for some magical movements in quotes, but they did not happen. Ethereum futures appeared on the CME relatively quietly and unnoticed. However, this does not negate the fact that increased volatility may be delayed.
The Ethereum price forecast for the entire week of February 8-14 is still upward. Cryptocurrency quotes move within the ascending channel, the upper part of which opens a new absolute record in front of ETH/USD in the form of $ 1900 per ETH.
Ethereum quotes are above the Ichimoku cloud, which confirms the upward trend in the cryptocurrency pair.
The support level will be $ 1575. It is unlikely that Ethereum quotes will fall below on a short-term pullback.
Resistance level - 1765. This is the current absolute maximum for Ether. Fixing the ETHUSD quotes above this level will allow the Ethereum chart to move towards $ 1900.
However, there is another, catastrophic scenario for Ethereum bulls. Our many years of experience are showing a global trend reversal pattern right now. This means that if the Ethereum quotes cannot overcome the level of $ 1680, the medium-term uptrend for Ethereum is completed. Experienced traders are opening positions for selling on Ethereum today, assuming that the 1765 level will remain a record and will not be updated.
Thus, the Ethereum forecast for February 9 implies a short-term rollback to the support area, with the further development of an uptrend, and an attempt to update the maximum of 1765 for the ETH/USD cryptocurrency.