Ethereum ETH/USD is trading at 139.67 and continues to move as part of the correction. ETH/USD cryptocurrency moves 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 March 31, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 138.45. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 147.00.
Ethereum Forecast and Analysis ETH/USD March 31, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 136.05. The nearest resistance area is at 145.00. The area of support for ETH/USD is located at 139.35.
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 135.75 area. Such a scenario would indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 143.75.
Ethereum Forecast and Analysis ETH/USD March 31, 2019 implies an attempt to develop a cryptocurrency correction and a test of 138.45. Where do we expect to continue the growth of Ethereum with a potential target near the level of 147.00. The abolition of the lifting option will be the fall and the breakdown of the area of 135.75. This will indicate a continued decline in the rate of digital currency with a potential target below the level of 129.00.