Ethereum ETH/USD ends the trading week at level 229 and continues to move as part of the growth and upward channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and maintain the test level near area 200. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 375.
Ethereum Forecast and Analysis May 20 — 24, 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 from May 20 — 24, 2019. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the level of 155. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 110. A confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level 310.
Ethereum Forecast and Analysis May 20 — 24, 2019 suggests an attempt to test the support area near the level of 200. Where should we expect a rebound and continued growth of cryptocurrency in the region above the level of 375. An additional signal in favor of Ethereum 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 155. In this case, we should expect a continuation of the decline with a target below the area 110.