Ethereum Forecast and ETH/USD Analysis January 29, 2020


ETH/USD are trading at 168.32 and continue to move as part of the growth. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $19 065 036 272. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices once again pushed from the area between the lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of ​​150.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.05.

Ethereum Forecast and ETH/USD Analysis January 29, 2020

An additional signal in favor of the rise in ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 135.05. This will indicate a breakdown of the support area and a continuation of the fall of ETH/USD quotes below the level of 115.05. With the breakdown of the resistance area and the closing of quotations above the level of 180.55, we should expect confirmation of the development of growth for Ethereum.

Ethereum Forecast and ETH/USD Analysis January 29, 2020

Ethereum Forecast and ETH/USD Analysis January 29, 2020 implies an attempt to correct and test the support area near the level of 150.05. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 205.05. An additional signal in favor of the growth of Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of raising a digital currency will be a breakdown of the area of ​​135.05. Which will indicate a continuation of the fall with a potential target below the level of 115.05.


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