Ethereum ETH/USD ends the trading week at level 251 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 maintain the test level near area 220. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 360.
Ethereum Forecast and Analysis June 3 — 7, 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 3 — 7, 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 115. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level of 310.
Ethereum Forecast and Analysis June 3 — 7, 2019 implies an attempt to test the support area near the level of 220. Where should we expect a rebound and continued growth of cryptocurrency in the area above 360. 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 a fall and a breakdown of the area 185. In this case, we should expect a continuation of the decline with a goal below area 115.