Cryptocurrency Ethereum Forecast July 12 — 16, 2021

Ethereum ETH/USD ends the trading week at the level of 2154.93 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend for ETH/USD. Prices are testing 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 the price growth and test the resistance level near the area of ​​2405.05. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target below the level of 545.05.

Cryptocurrency Ethereum Forecast July 12 — 16, 2021

An additional signal in favor of a fall in ETH/USD quotes in the current trading week on July 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 lower border of the bullish channel. Cancellation of the option to reduce the value of the cryptocurrency in the current trading week will be strong growth and a breakdown of the level of 2955.05. This will indicate a breakdown of the resistance area and a continued rise in the ETH/USD quotes with a potential target above the level of 4145.05. Confirmation of the fall of the Ethereum cryptocurrency will be a breakdown of the support area and closing of quotations below the level of 1355.05.

Cryptocurrency Ethereum Forecast July 12 — 16, 2021

Cryptocurrency Ethereum Forecast July 12 — 16, 2021 implies an attempt to test the resistance area near the level of 2405.05. Where can we expect a rebound and the continuation of the fall of the cryptocurrency to the area below the level of 545.05. An additional signal in favor of a decline in the Ethereum rate will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 2955.05 area. In this case, we should expect a continuation of the rise with the target above the area of ​​4145.05

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