Cryptocurrency Ethereum Forecast July 19 — 23, 2021

Ethereum ETH/USD ends the trading week at the level of 1898.54 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 ​​2375.05. Where can we expect a rebound again and a continuation of the fall in the rate and value of Ethereum with a potential target below the level of 505.05.

Cryptocurrency Ethereum Forecast July 19 — 23, 2021

An additional signal in favor of a fall in ETH/USD quotes in the current trading week July 19 — 23, 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 2995.05. 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 4185.05. Confirmation of the fall of the Ethereum cryptocurrency will be a breakdown of the support area and closing of quotations below the level of 1405.05.

Cryptocurrency Ethereum Forecast July 19 — 23, 2021

Cryptocurrency Ethereum Forecast July 19 — 23, 2021 implies an attempt to test the resistance area near the level of 2375.05. Where can we expect a rebound and the continuation of the fall of the cryptocurrency to the area below the level of 505.05. 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 2995.05 area. In this case, we should expect a continuation of the rise with the target above the area of ​​4185.05.

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