Ethereum forecast & technical analysis January 1, 2019

Ethereum ETH/USD are trading at 132 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $14 243 852 453. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​125. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 170.

Ethereum forecast & technical analysis January 1, 2019

An additional signal in favor of the growth of ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of 105. This will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below 80. With the breakdown of the resistance area and the closure of the quotes above 155, we can expect an acceleration of the upward movement on Ethereum.

Ethereum forecast & technical analysis January 1, 2019

Ethereum forecast & technical analysis January 1, 2019 suggests an attempt to test the support area near the level of 125. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above 170. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The cancellation of the digital currency growth option will be canceled by the area 105. This will indicate a continuation of the fall with a potential target below level 80.


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