Ethereum ETH/USD closes the trading week at 215.34 and continues to move as part of the growth and formation of the inverted Head and Shoulders model. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to fall and test the support level near the area of 170.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 325.00.
Ethereum Forecast and Analysis September 23 — 27, 2019
In favor of raising the ETH/USD quotes for the current trading week September 23 — 27, 2019, a test of the support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option will be a fall and a breakdown of the level of 140.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 95.00. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 245.00.
Ethereum Forecast and Analysis September 23 — 27, 2019 implies an attempt to test the support area near the level of 170.05. Where can we expect a rebound and continued growth of the cryptocurrency in the region above the level of 325.00. An additional signal in favor of the rise in Ethereum 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 of 140.00. In this case, we should expect continued decline with a target below 95.00.
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