ETH/USD are trading at 195.17 and continue to move as part of the correction and the formation of the inverted «Head and Shoulders» model. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $21 218 914 239. 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 170.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 280.05.
Ethereum Forecast and ETH/USD Analysis September 25, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be the formation of a reversal pattern. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 165.05. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD quotes below 140.05. With the breakdown of the resistance area and the closing of quotations above the level of 230.05, we can expect acceleration of the development of the bullish trend in Ethereum.
Ethereum Forecast and ETH/USD Analysis September 25, 2019 implies an attempt to correct and 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 280.05. 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 165.05. Which will indicate a continued fall with a potential target below the level of 140.05.
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