Ethereum is trading at 164.00 and continues to move as part of the correction. ETH/USD quotes are moving below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend in Ethereum. As part of the forecast for Ethereum on April 19, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 165.55. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with the target below the level of 141.75.
Ethereum Forecast and Analysis ETH/USD April 19, 2019
An additional signal in favor of reducing cryptocurrency will be the test of the resistance area. Earlier, a weak signal was received for BUY the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 160.00. The nearest resistance area is located at 169.50. The area of support for ETH/USD is located at 152.90.
The cancellation of the Ethereum cryptocurrency decline option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 174.75 area. Such a scenario will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. ETH/USD is expected to accelerate the fall in quotes with the breakdown of the support area and closing below 152.05.
Ethereum Forecast and Analysis ETH/USD April 19, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 165.45. Where can we expect the continuation of the fall of Ethereum with a potential target near the level of 141.75. Cancellation option reduction will make a strong growth and the breakdown of the area 174.75. This will indicate a continued rise in the rate of digital currency with a potential target above the level of 180.55.