Ethereum ETH/USD ends the trading week at 161 and continues to move as part of strong growth. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and maintain the test level near area 125. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.
Ethereum Forecast and Analysis April 8 — 12, 2019
In favor of the growth of ETH/USD quotes on the current trading week of April 8 — 12, 2019, a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the growth option will be a fall and a breakdown of level 105. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 85. A confirmation of the growth of cryptocurrency Ethereum will break down the resistance area and close quotes above 215.
Ethereum Forecast and Analysis April 8 — 12, 2019 suggests an attempt to test the support area near the level of 125. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 295. 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 105. In this case, we should expect continued decline c goal below area 85.