Ethereum ETH/USD are trading at 134 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $14 852 020 62. Moving averages indicate a bullish trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the region of 140. Where again we should expect a rebound and the continuation of the fall in the course of Ethereum with a potential target below the level of 105.
Ethereum Forecast and ETH/USD Analysis February 26, 2019
An additional signal in favor of ETH/USD quotes reduction will be a test of a broken 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 to reduce cryptocurrency will be a strong growth and a breakdown of 150. This will indicate a breakdown of resistance and continued growth of ETH/USD quotes above the level of 185. With the breakdown of the support area and the closure of quotes below 125, we should expect an acceleration of downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis February 26, 2019 implies an attempt to test the resistance area near the level of 140. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 105. An additional signal in favor of Ethereum reduction is a test of the trend line relative strength index (RSI). The cancellation of the option of falling digital currency will be the breakdown of area 150. This will indicate a continuation of the rise with a potential target above level 185.