Ethereum ETH/USD ends the trading week at 133 and continues to move as part of the correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and maintain the test level near the region of 115. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 185.
Ethereum Forecast and Analysis March 4 — 8, 2019
A test of the support line on the relative strength index (RSI) will be in favor of the growth of ETH/USD quotes on the current trading week of March 4 — 8, 2019. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the growth option will be a fall and a breakdown of level 100. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below level 65. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level 155.
Ethereum Forecast and Analysis March 4 — 8, 2019 suggests an attempt to test the support area near the level of 115. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 185. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). Cancellation option lifting will fall and the breakdown of the region 100. In this case, we should expect a continuation of the decline.