Ethereum ETH/USD ends the trading week at the level of 2071.83 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a rise in prices and a test of the support level near the area of 1895.00. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above the level of 2995.00.
Cryptocurrency Ethereum Forecast April 12 — 16, 2021
An additional signal in favor of the growth of ETH/USD quotes in the current trading week on April 12 — 16, 2021 will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Triangle” pattern. Cancellation of the growth option for the value of the cryptocurrency in the current trading week will be a fall and a breakdown of the level of 1505.05. This will indicate a breakdown of the support area and a continued fall in ETH/USD quotes with a potential target below the level of 965.05. Confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 2295.05.
Cryptocurrency Ethereum Forecast April 12 — 16, 2021 implies an attempt to test the support area near the level of 1895.00. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 2995.00. An additional signal in favor of a rise in the Ethereum rate will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 1505.05 area. In this case, we should expect a continuation of the fall with the target below the area of 965.05.