Ethereum ETH/USD closes the trading week at 219.16 and continues to move as part of growth. Moving averages indicate a bearish trend for ETH/USD. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 170.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 335.05.
Ethereum Forecast and Analysis February 10 — 14, 2020
An additional signal in favor of raising the ETH/USD quotes for the current trading week February 10 — 14, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth option will be a fall and a breakdown of the level of 115.05. This will indicate a breakdown of the support area and a continued fall of ETH/USD with a potential target below 75.05. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 205.05.
Ethereum Forecast and Analysis February 10 — 14, 2020 suggests an attempt to test the support area near the level of 170.55. Where can we expect a rebound and continued growth of the cryptocurrency in the region below the level of 335.05. An additional signal in favor of the rise in the Ethereum course will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 115.05. In this case, we should expect a continued decline with a target below the area of 75.05.
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