Ethereum ETH/USD are trading at 204.45 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $22 065 492 497. 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 area 190. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 245.
Ethereum Forecast and ETH/USD Analysis May 15, 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 bullish 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 in ETH/USD quotes below the level of 155. With the breakdown of the resistance area and the closure of the quotes above the level of 220, we should expect the upward movement of Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis May 15, 2019 implies an attempt to test the support area near the level of 190. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency to an area above 245. An additional signal in favor of raising Ethereum is a trend line test on 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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