Ethereum ETH/USD are trading at 120 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $12 960 081 358. 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 area of 130. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential goal below the level of 90.
Ethereum Forecast and ETH/USD Analysis January 17, 2019
An additional signal in favor of a 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 lower boundary of the rising channel. Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the level of 140. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above the level of 160. With the breakdown of the support area and closing of the quotes below the level of 110, we should expect the downward movement development on Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis January 17, 2019 suggests an attempt to test the resistance area near the level of 130. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency in the region below the level of 90. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 140. That would indicate continued growth with a potential target above the level of 160.
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