Ethereum ETH/USD are traded at 123 and continue to move within the descending channel. At the moment, we should expect an attempt to reduce and test the support level near the region 75. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 800.
Ethereum forecast and analysis ETH/USD for 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). As well as a rebound from an important area of support. Cancellation of the Ethereum cryptocurrency lift option in 2019 will be a fall and a breakdown of level 45. This will indicate a breakdown of support and a continued fall in ETH/USD quotes below the level of 12.50. With the breakdown of the upper boundary of the downward channel and the closure of quotes above the level of 210, we should expect confirmation of the development of an upward movement in Ethereum.
Ethereum forecast and analysis ETH/USD for 2019 implies an attempt to test the support area near the level of 75. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency to an area above 800. An additional signal in favor of Ethereum rise will be a test of the trend line on the relative strength index (RSI). The breakdown of the growth rate of the digital currency will be the breakdown of the region 45. This will indicate a continuation of the fall with a potential target below the level of 12.50.
