Ethereum ETH/USD ends the trading week at 171 and continues to move as part of the correction and the upward channel. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and maintain the test level near area 140. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 305.
Ethereum Forecast and Analysis April 22 — 26, 2019
A test of the support line on the relative strength index (RSI) will be in favor of the growth of ETH/USD quotes on the current trading week of April 22 — 26, 2019. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be the fall and breakdown of the level 115. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below the level of 90. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level of 215.
Ethereum Forecast and Analysis April 22 — 26, 2019 suggests an attempt to test the support area near the level of 140. Where should we expect a rebound and continued growth of cryptocurrency in the area above the 305. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). Cancellation option lifting will fall and the breakdown of the area 115. In this case, we should expect continued decline c goal below area 90.