Ethereum forecast & technical analysis January 4, 2019


Ethereum ETH/USD traded at 147 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $15 668 215 607. 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 180.

Ethereum forecast & technical analysis January 4, 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). As well as a rebound from the lower boundary of the rising channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of 125. This will indicate a breakdown of the lower boundary of the ascending 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 155, we should expect an acceleration of the upward movement along Ethereum.

Ethereum forecast & technical analysis January 4, 2019

Ethereum forecast & technical analysis January 4, 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 to an area above 180. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). A breakdown of the 125 area will be the cancellation of the growth option of the digital currency. This indicates a continuation of the fall with a potential target below the level of 100.


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