Ethereum ETH/USD ends the trading week at 2381.42 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price rise and test the resistance level near the area of 2565.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target below the level of 1405.05.
Cryptocurrency Ethereum Forecast April 19 — 23, 2021
An additional signal in favor of a fall in ETH/USD quotes in the current trading week April 19 — 23, 2021 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bullish channel. Cancellation of the option to reduce the value of the cryptocurrency in the current trading week will be strong growth and a breakdown of the level of 2805.05. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes with a potential target above the level of 3505.05. Confirmation of the fall of the Ethereum cryptocurrency will be a breakdown of the support area and closing of quotations below the level of 2155.05.
Cryptocurrency Ethereum Forecast April 19 — 23, 2021 implies an attempt to test the resistance area near the level of 2565.05. Where can we expect a rebound and the continuation of the fall of the cryptocurrency to the area below the level of 1405.05. An additional signal in favor of a fall in the Ethereum rate will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and a breakdown of the 2805.05 area. In this case, we should expect a continuation of the rise with the target above the area of 3505.05.
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