Ethereum is trading at 172.55 and continues to move as part of growth. ETH/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend on Ethereum. As part of the forecast for Ethereum on April 25, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the 170.00 level. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 190.05.
Ethereum Forecast and Analysis ETH/USD April 25, 2019
An additional signal in favor of the growth of cryptocurrency will be the test of the support area. The second signal in favor of raising the course of the digital asset will be a rebound from the lower boundary of the rising channel. 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 166.00. The nearest resistance area is located at 178.05. The area of support for ETH/USD is located at 166.50.
The cancellation of the Ethereum cryptocurrency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the area of 164.05. Such a scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 178.95.
Ethereum Forecast and Analysis ETH/USD April 25, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 170.00. Where can we expect to continue the growth of Ethereum with a potential target near the level of 190.05. Cancellation option lift will fall and the breakdown of the area of 164.05. This will indicate a continued decline in the rate of digital currency with a potential target below 155.55.