Ethereum ETH/USD are trading at 199.13 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $20 402 982 012. 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 185. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 225.
Ethereum Forecast and ETH/USD Analysis May 14, 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 of 175. This will indicate the breakdown of the support level and the continuation of the fall of the ETH/USD quotes below the level of 155. With the breakdown of the resistance area and the closing of the quotes above the level of 195, we should expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis May 14, 2019 implies an attempt to test the support area near the level of 185. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 225. An additional signal in favor of Ethereum’s rise will be a test of the trend line relative strength index (RSI). The cancellation of the digital currency growth option will be canceled by the area 175. This will indicate a continuation of the fall with a potential target below the 155 level.
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