Ethereum ETH/USD are trading at 131 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $14 068 739 647. Moving averages indicate the presence of a lateral trend in Ethereum. At the moment, we should expect an attempt to decline and a test of the support level near area 120. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175.
Ethereum forecast & technical analysis January 2, 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 that the support area is broken down and the ETH/USD quotes fall further below 80. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotes above 150, we can expect an acceleration of upward movement along the Ethereum.
Ethereum forecast & technical analysis January 2, 2019 suggests an attempt to test the support area near the level of 120. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 175. A further signal for the growth of Ethereum is 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.