Ethereum ETH/USD ends the trading week at 1142.69 and continues to move within a strong correction and an 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 slight downward correction and a test of the support level near the 905.50 area. Where can we expect a rebound and continued growth in the rate and value of Ethereum with a potential target above the level of 1850.05.
Cryptocurrency Ethereum Forecast January 25 — 29, 2021
An additional signal in favor of raising the ETH/USD quotes in the current trading week January 25 — 29, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the value of the cryptocurrency in the current trading week will be a fall and a breakdown of the level of 705.05. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes with a potential target below the level of 435.05. Confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 1475.05.
Cryptocurrency Ethereum Forecast January 25 — 29, 2021 implies an attempt to test the support area near 905.50. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 1850.05. An additional signal in favor of a rise in the Ethereum rate will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 705.05 area. In this case, we should expect a continuation of the decline with a target below the area of 435.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
