Ethereum ETH/USD are trading at 258.93 and continue to move within the downward correction and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $27 953 235 278. Moving averages indicate a short-term bullish trend on Ethereum. At the moment, we should expect an attempt to decrease and test the lower boundary of the ascending channel near area 235. 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 4, 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 the fall and the breakdown of the level 215. This will indicate the breakdown of the lower border of the model and the continuation of the drop in ETH/USD quotes below the level of 180. With the breakdown of the resistance area and the closing of the quotes above the level of 295, we should expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 4, 2019 implies an attempt to test the support area near the level of 235. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 315. The additional test in favor of the rise of Ethereum is 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 215. That will indicate a continuation of the fall with a potential target below the level of 180.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
