ETH/USD are trading at 196.29 and continue to move as part of the growth and upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $21 507 700 374. 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 a test of the support level near the area of 186.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 210.65.
Ethereum Forecast and ETH/USD Analysis September 18, 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 176.05. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD quotes below the level of 160.00. With the breakdown of the resistance area and the closing of quotes above the level of 200.55, we can expect acceleration of the development of the bullish trend in Ethereum.
Ethereum Forecast and ETH/USD Analysis September 18, 2019 implies an attempt to correct and test the support area near the level of 186.55. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency in the region above the level of 210.65. 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 176.05. Which will indicate a continuation of the fall with a potential target below the level of 160.00.
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