Ethereum ETH/USD are trading at the level of 160 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $17 437 947 337. Moving averages indicate an upward trend in Ethereum. At the moment, we should expect an attempt to decline and a test of the support level near the area of 155. Where once 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 26, 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 a fall and a breakdown of level 140. This will indicate a breakdown of support and a continuation of the fall in ETH/USD quotes below 115. With the breakdown of the resistance area and the closure of quotes above 180, expect the acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis April 26, 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 in the area above the level of 205. A further signal for the growth of Ethereum is relative strength index (RSI). The cancellation of the option of growth of the digital currency will be made by the breakdown of area 140. This will indicate a continuation of the fall with a potential target below the level of 115.
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