Ethereum ETH/USD are trading at 169 and continue to move as part of the correction and the formation of the «Triangle». Cryptocurrency capitalization at the time of the publication of the forecast is $18 178 652 919. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 160. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the 215 level.
Ethereum Forecast and ETH/USD Analysis April 23, 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 model «Triangle». Cancellation of the cryptocurrency growth option will be the fall and the breakdown of the level of 145. This will indicate a breakdown of support and the continuation of the fall of the ETH/USD quotes below 120. With the breakdown of the resistance area and the closure of the quotes above the level of 185, we should expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis April 23, 2019 implies an attempt to test the support area near the level of 160. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above 215. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The cancellation of the digital currency growth option will be canceled by the area 145. This will indicate a continuation of the fall with a potential target below level 120.
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