ETH/USD are trading at 176.35 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $19 158 784 031. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the area of 179.55. Where again we should expect a rebound and a continuation of the Ethereum rate drop with a potential target below 162.75.
Ethereum Forecast and ETH/USD Analysis September 12, 2019
An additional signal in favor of falling ETH/USD quotes will be a test of a downward trend line on the relative strength index (RSI). The second signal will be a rebound from the resistance area. Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the level of 190.05. This will indicate a breakdown of the resistance area and continued growth of the ETH/USD quotes above the level of 235.00. With the breakdown of the support area and closing of quotes below 165.55, we should expect an acceleration in the development of a downward trend in Ethereum.
Ethereum Forecast and ETH/USD Analysis September 12, 2019 implies an attempt to test the resistance area near the level of 179.55. Where can we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below the level of 162.75. An additional signal in favor of Ethereum fall will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of reducing the digital currency will be the breakdown of the area of 190.05. Which will indicate the continuation of the rise with a potential target above the level of 235.00.
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