Ethereum ETH/USD are trading at 252.61 and continue to move within the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $27 184 352 698. Moving averages indicate a short-term bullish trend in Ethereum. At the moment, we should expect an attempt to decrease and test the lower boundary of the ascending channel near the area of 240. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 315.
Ethereum Forecast and ETH/USD Analysis June 13, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of level 210. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in ETH/USD quotes below 190. With the breakdown of the resistance area and the closing of quotes above 270, we should expect an acceleration of upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 13, 2019 suggests an attempt to test the support area near the level of 240. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 315. An additional signal in favor of the rise of Ethereum is the trend line test on relative strength index (RSI). A breakdown of the 210 area will be the cancellation of the growth option of the digital currency. This will indicate a continuation of the fall with a potential target below the 190 level.
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