Ethereum ETH/USD are trading at 112 and continue to move as part of a decline. Cryptocurrency capitalization at the time of the publication of the forecast is $12 232 335 100. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the region of 120. 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 25, 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 model «Triangle». Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level of 130. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above the level of 155. With the breakdown of the support area and the closure of quotes below the level of 105, we should expect an acceleration of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis January 25, 2019 suggests an attempt to test the resistance area near the level of 120. 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). The breakdown of the option of falling digital currency will be made by the breakdown of area 130. This will indicate continued growth with a potential target above level 155.
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