Ethereum are trading at 3532 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $422,315,741,744. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the areas between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level near the area of 3275. From where we should again expect a rebound upwards and a continuation of the growth of the Ethereum rate with a potential target above 4175.
Ethereum Forecast and Analysis April 6, 2022
An additional signal in favor of the growth of ETH/USD quotes 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 bullish channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 3055. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes below the level of 2505. With the breakdown of the resistance area and closing of quotes above the level of 3845, we should expect confirmation of the development of a bullish movement in Ethereum.
Ethereum Forecast and Analysis April 6, 2022 suggests an attempt to correct and test the support area near the level of 3275. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 4175. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of the digital currency growth option will be a breakdown of the 3055 area, which will indicate a continued decline in the digital currency with a potential target below the level of 2505.
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