Ethereum ETH/USD are trading at 102 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $11 017 281 965. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near 110. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 85.
Ethereum Forecast and ETH/USD Analysis January 29, 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 lower border of the model «Triangle». Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level of 125. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above the level of 145. With the breakdown of the support area and the closure of quotes below the level of 95, we should expect an acceleration of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis January 29, 2019 implies an attempt to test the resistance area near the level of 110. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to an area below 85. An additional signal in favor of reducing Ethereum is a trend line test for relative strength index (RSI). The cancellation of the digital currency will be canceled by the area 125 breakdown. This will indicate continued growth with a potential target above the level of 145.