Ethereum ETH/USD are trading at 272.54 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $29 067 414 283. 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 bullish channel near area 260. Where again we should expect a rebound and continued growth in the rate of Ethereum with a potential target above level 325.
Ethereum Forecast and ETH/USD Analysis June 18, 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 the 245 level. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in ETH/USD quotes below 210. With the breakdown of the resistance area and the closing of the quotes above 295, we should expect an acceleration of upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 18, 2019 implies an attempt to test the support area near the level of 260. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above 325. An additional signal in favor of the rise of Ethereum will be a test of the trend line relative strength index (RSI). The breakdown of the digital currency growth option will be made by the breakdown of the area 245. That will indicate a continuation of the fall with a potential target below the 210 level.
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