Ethereum forecast & technical analysis January 3, 2019


Ethereum ETH/USD are trading at 147 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 $15 780 073 459. Moving averages indicate a bullish trend in Ethereum. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​135. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 185.

Ethereum forecast & technical analysis January 3, 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 the level of 120. This will indicate a breakdown of the lower boundary of the upward channel and the continuation of the drop in ETH/USD quotes below 100. With the breakdown of the resistance area and the closing of quotes above the level of 155, we should expect an acceleration of the upward movement in Ethereum.

Ethereum forecast & technical analysis January 3, 2019

Ethereum forecast & technical analysis January 3, 2019 implies an attempt to test the support area near the level of 135. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency in the area above the level of 185. A further signal for the growth of Ethereum is a test of the trend line on relative strength index (RSI). The breakdown of the digital currency growth option will be made by the breakdown of area 120. This will indicate a continuation of the fall with a potential target below the level of 100.


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