Ethereum ETH/USD traded at 152 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $16 311 569 610. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we should expect an attempt to decline and a test of the support level near the area of 145. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.
Ethereum forecast & technical analysis January 8, 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 the level of 130. 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 the level of 165, we should expect an acceleration of the upward movement in Ethereum.
Ethereum forecast & technical analysis January 8, 2019 suggests an attempt to test the support area near the level of 145. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency in the area above the level of 205. An additional signal in favor of Ethereum growth will be 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 130. This will indicate a continuation of the fall with a potential target below the level of 100.