Ethereum ETH/USD are trading at 174 and continue to move through strong growth and an upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $18 868 764 729. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we can expect an attempt to grow and test the resistance level near the area of 165. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 195.
Ethereum Forecast and ETH/USD Analysis May 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 lower boundary of the bullish channel. Cancellation of the cryptocurrency growth option will be the fall and the breakdown of the level of 155. This will indicate a breakdown of the support level and the continuation of the fall in ETH/USD quotes below 140. With the breakdown of the resistance area and the closure of the quotes above the level of 180, we should expect the upward movement development in Ethereum.
Ethereum Forecast and ETH/USD Analysis May 8, 2019 implies an attempt to test the support area near the level of 165. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 195. An additional signal in favor of raising Ethereum will be a test of the trend line on relative strength index (RSI). The breakdown of the digital currency growth option will be disrupted by the area 155. This will indicate a continuation of the fall with a potential target below level 140.
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