Ethereum ETH/USD are trading at 166 and continue to move as part of the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $17 937 542 895. Moving averages indicate the presence of a short-term 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 160. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 185.
Ethereum Forecast and ETH/USD Analysis May 10, 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 the fall and the breakdown of the level 155. This will indicate a breakdown of the support level and the continuation of the fall in ETH/USD quotes below the level of 145. With the breakdown of the resistance area and the closing of the quotes above the level of 175, we should expect the upward movement of Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis May 10, 2019 implies an attempt to test the support area near the level of 160. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 185. An additional signal in favor of the rise of Ethereum is a test of the trend line on relative strength index (RSI). The breakdown of the growth of the digital currency will be made by the breakdown of the region 155. This will indicate a continuation of the fall with a potential target below the level of 145.
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