ETH/USD are traded at 378.02 and continue to move as part of the growth and formation of the “Triangle” pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $43 021 893 282. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the areas between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt at a bearish correction in the value of the coin and a test of the support level near the 355.55 area. Where can we expect a rebound and continued growth in the Ethereum rate with a potential target above the level of 465.05.
Ethereum Forecast and ETH/USD Analysis September 18, 2020
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 border of the “Triangle” pattern. Cancellation of the option for the growth of cryptocurrency will be a fall and a breakdown of the level of 325.05. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes below the level of 295.55. With the breakdown of the resistance area and closing of quotations above the level of 395.65, we should expect confirmation of the development of growth in Ethereum and the beginning of the development of the “Triangle” model.
Ethereum Forecast and ETH/USD Analysis September 18, 2020 implies an attempt to correct and test the support area near the level of 340.05. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 415.05. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the digital currency growth option will be a breakdown of the 310.05 area. This will indicate a continued fall with a potential target below the level of 285.05.
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