Ethereum ETH/USD are trading at 213.81 and continue to move as part of a decline and a downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $22 281 030 821. Moving averages indicate a short-term bearish trend in Ethereum. At the moment, we should expect an attempt to continue growth and test the upper boundary of the downward channel near the area of 235.00. 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 125.00.
Ethereum Forecast and ETH/USD Analysis July 19, 2019
An additional signal in favor of ETH/USD quotes reduction will be a test of the downward trend line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown level of 275.00. This will indicate a breakdown of the upper boundary of the channel and continued growth in ETH/USD quotes above the level of 335.00. With the breakdown of the support area and closing of quotes below the level of 180.00, we can expect an acceleration of the development of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis July 19, 2019 involves an attempt to test the resistance area near the level of 235.00. Where can we expect a rebound and the continuation of the fall of the cryptocurrency ETH/USD in the region below the level of 125.00. An additional signal in favor of Ethereum reduction will be a test of the trend line on the relative strength indicator. Cancellation option for the fall of the digital currency will breakdown area 275.00. That indicates a continuation of the fall with a potential target above the level of 335.00.
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