Ethereum ETH/USD are trading at 263.57 and continue to move within the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $28 532 012 454. Sliding averages indicate the presence of a short-term bullish trend in Ethereum. At the moment, we should expect an attempt to reduce and test the lower boundary of the rising channel near the area of 255.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 305.00.
Ethereum Forecast and ETH/USD Analysis June 20, 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 level of 240. This will indicate a breakdown of the lower boundary of the channel and the continuation of the drop in ETH/USD quotes below 215. With the breakdown of the resistance area and the closing of the quotes above 285, we should expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 20, 2019 implies an attempt to test the support area near the level of 255. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 315. A further signal to the rise of Ethereum relative strength index (RSI). The breakdown of the area 240 will be the cancellation of the growth option of the digital currency. This indicates a continuation of the fall with a potential target below the level of 215.
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