Ethereum ETH/USD ends the trading week at 164 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 test the level of support near the area of 155. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 235.
Ethereum Forecast and Analysis May 6 — 10, 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 May 6 — 10, 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 breakdown of the level of 145. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below the level of 105. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level of 180.
Ethereum Forecast and Analysis May 6 — 10, 2019 suggests an attempt to test the support area near the level of 155. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 235. 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 the growth option will be the fall and the breakdown of the area 145. In this case, we should expect a continuation of the decline with the goal below the area 105.