Ethereum ETH/USD are trading at 134 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $14 561 017 669. Moving averages indicate the presence of a bullish trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near area 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 8, 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 upper boundary of the downward channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 128. 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 the quotes above 140, we should expect an acceleration of the upward Ethereum movement.
Ethereum Forecast and ETH/USD Analysis March 8, 2019 implies an attempt to test the support area near the level of 130. Where should we expect a rebound and continued growth of 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). A breakdown of the area 128 will cancel the growth option of the digital currency. This indicates a continuation of the fall with a potential target below the level 105.
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