Ethereum ETH/USD ends the trading week at 120 and continues to move as part of the correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt of growth and a test of the upper boundary of the downward channel near region 140. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below level 50.
Ethereum Forecast and Analysis ETH/USD January 21 — 25, 2019
In favor of the fall in ETH/USD quotes on the current trading week of January 21 — 25, 2019, a resistance line test on the relative strength index (RSI) will be made. Cancellation of the fall option will be a strong growth and a breakdown of the level of 175. This will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential target above the level of 225. Confirmation of the fall of the cryptocurrency Ethereum will break the lower limit of the upward channel and close the quotes below 100.
Ethereum Forecast and Analysis ETH/USD January 21 — 25, 2019 suggests an attempt to test the resistance area near the level of 140. Where should we expect a rebound and the continuation of the fall of cryptocurrency in the region below the level of 50. An additional signal in favor of reducing Ethereum will be a resistance test on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area 175. In this case, we should expect continued growth.