Ethereum ETH/USD are trading at 305.07 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $32 893 156 850. Moving averages indicate the presence of a short-term upward trend in Ethereum. At the moment, we should expect an attempt to fall and test the lower boundary of the rising channel near the area of 295.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential goal above the level of 355.00.
Ethereum Forecast and ETH/USD Analysis June 25, 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 growth of cryptocurrency will be the fall and the breakdown level of 275.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in ETH/USD quotes below the level of 225.00. With the breakdown of the resistance area and the closure of quotes above the level of 320.00, we can expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 25, 2019 implies an attempt to test the support area near the level of 295.00. Where can we expect a rebound and the continuation of growth of cryptocurrency ETH/USD in the region above the level of 355.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of growth of digital currency will be the breakdown of the area of 275.00. That will indicate a continuation of the fall with a potential target below the level of 225.00.