Ethereum ETH/USD are trading at 266.70 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $28 549 994 774. Moving averages indicate the presence of a short-term upward trend in Ethereum. At the moment, we should expect an attempt to fall and test the lower boundary of the rising channel near the area of 257.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 305.00.
Ethereum Forecast and ETH/USD Analysis June 21, 2019
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 boundary of the rising channel. Cancellation of the growth option cryptocurrency will fall and the breakdown level of 245.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in ETH/USD quotes below 215.00. With the breakdown of the resistance area and the closure of quotations above the level of 280.00, we can expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis June 21, 2019 involves an attempt to test the support area near the level of 257.00. Where can we expect a rebound and the continuation of growth of cryptocurrency ETH/USD in the area above the level of 305.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength index (RSI). The cancellation of the option of growth of digital currency will be the breakdown of the area of 245.00. That will indicate the continuation of the fall with a potential goal below the level of 215.00.
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