Ethereum ETH/USD are trading at 343.56 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $36 854 734 972. Moving averages indicate the presence of a short-term upward trend in Ethereum. At the moment, we should expect an attempt to reduce and test the lower boundary of the ascending channel near the area of 320.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 385.00.
Ethereum Forecast and ETH/USD Analysis June 27, 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 290.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in ETH/USD quotes below 245.00. With the breakdown of the resistance area and the closure of quotations above the level of 365.00, we can expect the acceleration of the development of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 27, 2019 implies an attempt to test the support area near the level of 320.00. Where can we expect a rebound and the continuation of the growth of cryptocurrency ETH/USD in the region above the level of 385.00. 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 growth option of the digital currency will be the breakdown of the area of 290.00. That will indicate the continuation of the fall with a potential target below the level of 245.00.