Ethereum ETH/USD are trading at 132 and continue to move as part of a decline. Cryptocurrency capitalization at the time of the publication of the forecast is $13 956 402 899. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the area of 145. Where once again we should expect a rebound and the continuation of the fall of the course Ethereum with a potential target below level 95.
Ethereum Forecast and ETH/USD Analysis January 11, 2019
An additional signal in favor of the drop in ETH/USD quotes 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 of falling cryptocurrency will be a strong growth and the breakdown of the level of 155. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above the level of 175. With the breakdown of the support area and the closure of quotes below the level of 125, we can expect the acceleration of downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis January 11, 2019 involves an attempt to test the resistance area near the level of 145. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to an area below 95. An additional signal in favor of Ethereum’s decline is a test of the trend line on relative strength index (RSI). The breakdown of the digital currency will be the cancellation of the area of 155. That will indicate continued growth with a potential target above the level of 175.