Ethereum ETH/USD ends the trading week at 216.34 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 205.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 375.00.
Ethereum Forecast and Analysis July 22 — 26, 2019
In favor of the rise of ETH/USD quotes on the current trading week of July 22 — 26, 2019, a test of the upward support line on the relative strength indicator will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the level of 180.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 155.00. Confirmation of the growth of cryptocurrency Ethereum will make a breakdown of the area of resistance and closing of quotes above the level of 265.00.
Ethereum Forecast and Analysis July 22 — 26, 2019 implies an attempt to test the support area near the level of 205.00. Where can we expect a rebound and continued growth of cryptocurrency in the region above the level of 375.00. 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 the growth option will be the fall and the breakdown of the area of 180.00. In this case, we should expect a continuation of the decline with the goal below the area of 155.00.