Ethereum ETH/USD is trading at 117.12 and continues to move as part of the correction. The capitalization of a digital asset at the time of publication of analysts is $12 322 859 307. This shows an increase compared to the previous value, which was at the level of $12 171 379 511.
The cryptocurrency ETH/USD is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend by Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD January 15, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 120.00. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with the goal below the level of 100.00.
Ethereum Forecast and Analysis ETH/USD January 15, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. And also test the upper limit of the downward channel. Earlier a strong signal was received for the SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at 124.00. The nearest resistance area is at 120.00. The area of support for ETH/USD is at 110.00.
The cancellation of the Ethereum cryptocurrency fall option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure above the 130.00 area. Such a scenario would indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the support area and closing below 110.00.
Ethereum Forecast and Analysis ETH/USD January 15, 2019 imply an attempt to develop a cryptocurrency correction and a test of 120.00. Where can we expect to continue the fall of Ethereum with a potential target near the level of 100.00. Cancellation of the fall option will be a strong growth and the breakdown of the area of 130.00. This will indicate continued growth in the rate of digital currency with a potential target above the level of 145.00.