Ethereum ETH/USD are trading at 133 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $14 685 964 122. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the region of 140. Where again we should expect a rebound and the continuation of the fall in the course of Ethereum with a potential target below the level of 105.
Ethereum Forecast and ETH/USD Analysis March 1, 2019
An additional signal in favor of reducing the ETH/USD quotes will be a test of the downward trendline on the relative strength index (RSI). Cancellation of the option to reduce cryptocurrency will be a strong growth and a breakdown of 150. This will indicate a breakdown of resistance and continued growth of ETH/USD quotes above the level of 185. With the breakdown of the support area and the closure of quotes below 125, we should expect an acceleration of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis March 1, 2019 suggests an attempt to test the resistance area near the level of 140. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 105. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). The cancellation of the option of falling digital currency will be the breakdown of area 150. This will indicate a continuation of the rise with a potential target above level 185.