Ethereum ETH/USD are trading at 101 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $10 991 215 297. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the region 104. Where again we should expect a rebound and the continuation of the fall of the course Ethereum with a potential goal below level 95.
Ethereum Forecast and ETH/USD Analysis February 8, 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). As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 107. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above 125. With the breakdown of the support area and the closure of quotes below 95, we should expect an acceleration of bearish movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis February 8, 2019 suggests an attempt to test the resistance area near 104. Where should we expect a rebound and the continuation of the fall of ETH/USD cryptocurrency to below 95. An additional signal in favor of Ethereum reduction is a test of the trend line on relative strength index (RSI). The breakdown of the digital currency will be canceled by a breakdown of the area 107. This will indicate continued growth with a potential target above the level of 125.