Ethereum ETH/USD ends the trading week at 215.81 and continues to move within the correction and the bullish 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 185.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 335.00.
Ethereum Forecast and Analysis July 29 — August 2, 2019
In favor of the rise of ETH/USD quotes on the current trading week of July 29 — August 2, 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 growth options will fall and the breakdown of the level of 170.00. 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 cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 255.00.
Ethereum Forecast and Analysis July 29 — August 2, 2019 implies an attempt to test the support area near the level of 185.00. Where can we expect a rebound and continued growth of cryptocurrency in the region above the level of 335.00. 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 170.00. In this case, we should expect a continuation of the decline with the goal to be below 145.00.
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