Ethereum ETH/USD ends the trading week at 273.92 and continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and support the test level near the area of 235.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 425.00.
Ethereum Forecast and Analysis July 15 — 19, 2019
A test of the upward support line on the relative strength indicator will be in favor of lifting the ETH/USD quotes on the current trading week from July 15 — 19, 2019. 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 165.00. Confirmation of the growth of cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 335.00.
Ethereum Forecast and Analysis July 15 — 19, 2019 implies an attempt to test the support area near the level of 235.00. Where can we expect a rebound and continued growth of cryptocurrency in the area above the level of 425.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of 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 the area of 165.00.