Ethereum ETH/USD ends the trading week at 253 and continues to move as part of the growth and upward channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to decrease and test the level of support near area 225. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 365.
Ethereum Forecast and Analysis June 17 — 21, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the ETH/USD quotes on the current trading week of June 17 — 21, 2019. The second signal will be a rebound from the upper boundary of the rising channel. Cancellation of the growth option will be a fall and a breakdown of the level of 185. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below the level of 125. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above 305.
Ethereum Forecast and Analysis June 17 — 21, 2019 suggests an attempt to test the support area near level 225. Where should we expect a rebound and continued growth of cryptocurrency in the area above level 365. An additional signal in favor of Ethereum’s rise 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 185. In this case, we should expect a continuation of the decline with the goal below the area 125.