Ethereum is trading at 161.86 and continues to move within the correction and the ascending channel. 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 of the Ethereum rate for the week of April 15 — 19, 2019. A test of the area of Ichimoku Kinko Hyo signal lines is expected near the 150.05 level. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 210.00.
Ethereum Forecast for the week of April 15 — 19, 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 the signal lines at the level of 134.05. The nearest resistance area is at 186.00. The area of support for ETH/USD is at 150.00.
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 125.00 area. 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 185.00.
Ethereum Forecast for the week of April 15 — 19, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 150.05. Where do we expect to continue the growth of Ethereum with a potential target near the level of 210.00. Cancellation of the lifting option will be the fall and a breakdown of the area of 125.00. This will indicate a continued decline in the rate of digital currency with a potential target below 105.00.