Ethereum ETH/USD ends the trading week at level 135 and continues to move as part of the correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and maintain the test level near area 120. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175.
Ethereum Forecast and Analysis April 1 — 5, 2019
In favor of the growth of ETH/USD quotes on the current trading week April 1 — 5, 2019, test the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be a fall and a breakdown of the level of 110. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 75. Confirmation of the growth of cryptocurrency Ethereum will break down the resistance area and close the quotes above the level of 145.
Ethereum Forecast and Analysis April 1 — 5, 2019 suggests an attempt to test the support area near the level of 120. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 175. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the area 110. In this case, we should expect continued decline c target below area 75.