Ethereum ETH/USD ends the trading week at 284.75 and continues to move as part of the growth and 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 375.00.
Ethereum Forecast and Analysis June 24 — 28, 2019
In favor of the rise of ETH/USD quotes on the current trading week of June 24 — 28, 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 195.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 135.00. Confirmation of the growth of cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 305.00.
Ethereum Forecast and Analysis June 24 — 28, 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 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 index (RSI). Cancellation of growth option will be the fall and the breakdown of the area 195.00. In this case, we should expect a continuation of the decline with the goal below the area of 135.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link