Cryptocurrency Ethereum continues to move within the formation of the «Triangle» model. At the time of the publication of the forecast, the Ethereum cost to the US Dollar is 131. At the moment, we should expect an attempt to fall and a test of the support level near the area of ​​129.50. Then a rebound and continued growth of cryptocurrency in the region above the level of 150.

Ethereum price prediction March 16, 2019

In favor of lifting the ETH/USD quotes, a test of the upward support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the model «Triangle». The cancellation of the Ethereum rate growth option on March 16, 2019 will be a fall and a breakdown of the level of 125. This will indicate a breakdown of the lower boundary of the «Triangle» model and the continuation of the fall of the ETH/USD digital asset quotes to below 110. The growth will be confirmed by a breakdown of the «Triangle» upper limit and closing above level 137.

Ethereum price prediction March 16, 2019

Ethereum price prediction March 16, 2019 imply an attempt to test the support level near the area 131. Where should we expect a rebound and the continuation of the growth of the Ethereum rate with the goal above the level of 129.50. An additional signal in favor of lifting will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing quotes below 125.