Ethereum ETH/USD are trading at 152 and continue to move as part of the correction and the start of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $16 501 631 414. Moving averages indicate an upward trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the area of 155. Where once again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below the level of 115.
Ethereum Forecast and ETH/USD Analysis April 30, 2019
An additional signal in favor of the drop in ETH/USD quotes is a test of the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of a fall in cryptocurrency will be a strong growth and a breakdown of 170. This will indicate a breakdown of the resistance level and continued growth of ETH/USD quotes above the level of 205. With the breakdown of the lower boundary of the ascending channel and closure of quotes below the level of 135, we should expect the downward movement on Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis April 30, 2019 implies an attempt to test the resistance area near the level of 155. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 115. An additional signal in favor of Ethereum falling will be a test of the trend line on relative strength index (RSI). Cancellation of the option of reducing the digital currency will be the breakdown of the area 170. That would indicate a continuation of the rise with a potential target above the level of 205.
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