Ethereum ETH/USD are trading at 267.42 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $28 563 322 418. Moving averages indicate a short-term bullish trend in Ethereum. At the moment, we should expect an attempt to decrease and test the upper limit of the model near area 245. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 320.
Ethereum Forecast and ETH/USD Analysis May 30, 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 a fall and a breakdown of the level of 230. This will indicate a breakdown of the lower border of the model and the continuation of the drop in ETH/USD quotes below 210. With the breakdown of the resistance area and the closure of quotes above 285, we should expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis May 30, 2019 implies an attempt to test the support area near the 245 level. Where should we expect a rebound and the continued growth of the ETH/USD cryptocurrency to an area above the level of 320. An additional signal in favor of the rise of Ethereum is the trend line test relative strength index (RSI). The breakdown of the digital currency growth option will be made by the breakdown of the 230 area. This will indicate a continuation of the fall with a potential target below the 210 level.
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