Ethereum ETH/USD closes the trading week at 179.15 and continues to move as part of the growth. Moving averages indicate a bearish trend for ETH/USD. Prices are trying to break through 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 145.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 295.05.
Ethereum Forecast and Analysis February 3 — 7, 2020
An additional signal in favor of raising the ETH/USD quotes for the current trading week February 3 — 7, 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 broken channel. Cancellation of the growth option will be a fall and a breakdown of the level of 105.05. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD with a potential target below the level of 65.05. 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 3 — 7, 2020 implies an attempt to test the support area near the level of 145.05. Where can we expect a rebound and continued growth of the cryptocurrency in the region below the level of 295.05. 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 105.05 area. In this case, we should expect continued decline with a target below the area of 65.05.
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