Ethereum ETH/USD are trading at 136 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $14 790 117 479. 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 130. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 145.
Ethereum Forecast and ETH/USD Analysis March 22, 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 a fall and a breakdown of 130. This will indicate a breakdown of support and the continuation of the fall in ETH/USD quotes below 105. With the breakdown of the resistance area and the closure of quotes above 140, it is necessary to expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 22, 2019 suggests an attempt to test the support area near the level of 130. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency in the area above the level of 145. A further signal for the growth of Ethereum is a test of the trend line on relative strength index (RSI). The breakdown of the growth rate of the digital currency will be made by the breakdown of area 130. This will indicate a continuation of the fall with a potential target below level 105.
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