Ethereum ETH/USD completes the trading week at 592 and continues to move within the fall. At this point, we should expect a support level attempt near the 500 area. Again, we should expect a rebound and the continued growth of the Ethereum rate with a target above the level of 1000.
Ethereum weekly forecast May 28 — June 1, 2018
In favor of the growth of quotations ETH/USD will test the support area on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». Cancellation of the growth option will be a breakdown of the support level and a close below 350, which will indicate the continuation of the fall of ETH/USD and the cancellation of the reversal pattern. Confirmation of the growth of the cryptocurrency will be the breakdown of the «Neckline» of the reversal pattern and the closing of quotations above the level of 820.
Ethereum weekly forecast May 28 — June 1, 2018 suggests an attempt to test the support area near the level of 500, from which it is expected to rebound and continue growth to the area above the level of 1000, an additional signal for the growth of Ethereum will be a test of the support area on the indicator of relative strength index (RSI).