Ethereum ETH/USD are trading at 124 and continue to move as part of a decline. Cryptocurrency capitalization at the time of the publication of the forecast is $13 312 566 665. Moving averages indicate the presence of a lateral trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the area of 135. Where once again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential goal below the level of 100.
Ethereum Forecast and ETH/USD Analysis January 16, 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 upper limit of the descending channel. Cancellation of a fall in cryptocurrency will be a strong growth and a breakdown of 145. This will indicate a breakdown of resistance and a continuation of the fall of ETH/USD quotes above the level of 165. With the breakdown of the support area and the closure of quotes below 110, we can expect an acceleration of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis January 16, 2019 suggests an attempt to test the resistance area near the level of 135. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 100. 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 canceled by the area 145. This will indicate continued growth with a potential target above the level of 165.