Ethereum ETH/USD are trading at 117 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $12 700 855 764. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to decline and a test of the support level near area 105. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 140.
Ethereum Forecast and ETH/USD Analysis February 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). As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of raising the cryptocurrency will fall and the breakdown level of 95. This will indicate a breakdown of support and the continuation of the fall in ETH/USD quotes below 80. With the breakdown of the resistance area and the closure of quotes above 125, we should expect the upward movement development on Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis February 12, 2019 implies an attempt to test the support area near the level of 105. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 140. An additional signal in favor of the rise of Ethereum will be a test of the trend line relative strength index (RSI). The cancellation of the option of the growth of the digital currency will be made by the breakdown of the area 95. That will indicate the continuation of the fall with the potential target below the level of 80.