Ethereum ETH/USD are traded at 135 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $14 745 146 556. Moving averages indicate the presence of 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 155 level.
Ethereum Forecast and ETH/USD Analysis March 29, 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 115. With the breakdown of the resistance area and the closure of quotes above 140, we can expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 29, 2019 implies an attempt to test the support area near the level of 130. Where can we expect a rebound and the continued growth of the ETH/USD cryptocurrency in the area above the 155 level. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). The breakdown of the option of growth of the digital currency will be made by the breakdown of the area 130. This will indicate a continuation of the fall with a potential target below the level of 115.