Ethereum ETH/USD are trading at 118 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $12 808 861 097. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to reduce and test the support level near 110. 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 15, 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 lower boundary of the rising channel. Cancellation of the option of raising the cryptocurrency will fall and breakdown level 105. This will indicate the breakdown support and the continuation of the fall in ETH/USD quotes below 95. With the breakdown of the resistance area and the closure of quotes above 130, we should expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis February 15, 2019 implies an attempt to test the support area near the level of 110. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency in the region 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 digital currency growth option will be canceled by the area 105. This will indicate a continuation of the fall with a potential target below level 95.