Ethereum ETH/USD ends the trading week at the level of 304.56 and continues to move within the growth and ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 255.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 615.00.
Ethereum Forecast and Analysis July 1 — 5, 2019
In favor of the rise of ETH/USD quotes on the current trading week of July 1 — 5, 2019, a test of the upward support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the level of 205.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 145.00. Confirmation of the growth of the cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 365.00.
Ethereum Forecast and Analysis July 1 — 5, 2019 implies an attempt to test the support area near the level of 255.00. Where can we expect a rebound and continued growth of cryptocurrency in the region above the level of 615.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 205.00. In this case, we should expect a continuation of the decline with the target to be below 145.00.