Ethereum ETH/USD are trading at 128 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $14 051 460 446. Moving averages indicate an upward trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 125. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 160.
Ethereum Forecast and ETH/USD Analysis March 15, 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 model «Triangle». Cancellation of the cryptocurrency growth option will be the fall and the breakdown of the level 115. This will indicate the breakdown of support and the continuation of the fall of the ETH/USD quotes below 100. With the breakdown of the resistance area and the closure of the quotes above the level 140, we can expect the acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 15, 2019 suggests an attempt to test the support area near the level of 125. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above 160. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The breakdown of the area 115 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 100.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
