Ethereum ETH/USD are traded at 121 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $13 338 161 037. 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 area of 125. Where once again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below the level of 100.
Ethereum Forecast and ETH/USD Analysis March 5, 2019
An additional signal in favor of reducing the ETH/USD quotes will be a test of the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown of 140. This will indicate a breakdown of resistance and continued growth in ETH/USD quotes above 165. With the breakdown of the support area and closure of quotes below 115, we should expect an acceleration of downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis March 5, 2019 implies an attempt to test the resistance area near the level of 125. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 100. An additional signal in favor of Ethereum’s decline relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 140. This indicates a continuation of the rise with a potential target above the level of 165.
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