ETH/USD are trading at 177.78 and continue to move as part of the correction and the upward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $19 414 028 829. 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 170.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 195.05.
Ethereum Forecast and ETH/USD Analysis September 13, 2019
An additional signal in favor of the growth of ETH/USD quotes will be an uptrend test on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 165.00. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD quotes below the level of 145.00. With the breakdown of the resistance area and the closing of quotations below 165.55, we should expect an acceleration of the development of a downward trend in Ethereum.
Ethereum Forecast and ETH/USD Analysis September 13, 2019 implies an attempt to test the support area near the level of 170.05. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 195.05. An additional signal in favor of the growth of Ethereum will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of raising the digital currency will be the breakdown of the area of 165.00. Which will indicate a continuation of the fall with a potential target below the level of 145.00.