Ethereum ETH/USD traded at 164 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $17 550 390 344. Moving averages indicate a bullish trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 155. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.
Ethereum Forecast and ETH/USD Analysis April 12, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of 145. This will indicate a breakdown of support and a continuation of the fall in ETH/USD quotes below 130. With the breakdown of the resistance area and the closure of quotes above 180, we can expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis April 12, 2019 implies an attempt to test the support area near the level of 155. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 205. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The breakdown of the digital currency growth option will be canceled by the area 145. That will indicate a continuation of the fall with a potential target below the level of 130.
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