ETH/USD are trading at 192.44 and continue to move as part of the growth and upward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $20 948 876 384. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to reduce the digital asset and test the support level near the area of 182.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.05.
Ethereum Forecast and ETH/USD Analysis September 17, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising support line 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 175.00. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD quotes below 155.00. With the breakdown of the resistance area and the closing of quotations above the level of 195.55, we can expect acceleration of the development of the bullish trend in Ethereum.
Ethereum Forecast and ETH/USD Analysis September 17, 2019 implies an attempt to test the support area near the level of 182.05. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency in the region above the level of 205.05. 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 175.00. Which will indicate a continuation of the fall with a potential target below the level of 155.00.
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