Ethereum are trading at the level of 1911 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $229,528,949,711. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the coin and a test of the support level near the 1860 area. From where we should again expect a rebound upwards and a continuation of the growth of the Ethereum rate with a potential target above 2085.
Ethereum Forecast for April 13, 2023
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 a rebound from the lower border of the bullish channel. Cancellation of the cryptocurrency rise option will be the fall of Ethereum and a breakdown of the level of 1745. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes below the level of 1565. With a breakdown of the resistance area and closing of quotes above the level of 1975.
Ethereum Forecast for April 13, 2023 suggests an attempt to correct and test the support area near the level of 1860. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 2085. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of the digital currency growth option will be a breakdown of the 1745 area, which will indicate a continued decline in the digital currency with a potential target below the level of 1565.
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