Ethereum ETH/USD are trading at 166 and continue to move as part of the downward correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $18 017 616 387. Moving averages indicate an upward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the area of 160. Where again we can 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 9, 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 a fall and a breakdown of 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.
Ethereum Forecast and ETH/USD Analysis May 9, 2019 implies an attempt to test the support area near the level of 160. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency to an area above the level of 185. An additional signal in favor of the rise of Ethereum relative strength indicator. The cancellation of the digital currency growth option will be made by the region’s breakdown 155. This will indicate a continuation of the fall with a potential target below the level of 145.
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