8.7 C
Amsterdam
1 March 2021
PumpMoonshot
Image default
Ethereum

Ethereum Forecast and Analysis September 28 — October 2, 2020

Ethereum ETH/USD ends the trading week at 342.08 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again 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 a slight downward correction and a test of the support level near the 310.05 area. 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 545.05.

Ethereum Forecast and Analysis September 28 — October 2, 2020

An additional signal in favor of raising the ETH/USD quotes in the current trading week September 28 — October 2, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the option of growth in the value of the cryptocurrency in the current trading week will be a fall and a breakdown of the level of 255.05. 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 205.05. Confirmation of the growth of the Ethereum cryptocurrency will be the breakdown of the resistance area and closing of quotations above the level of 405.05.

Ethereum Forecast and Analysis September 28 — October 2, 2020

Ethereum Forecast and Analysis September 28 — October 2, 2020 implies an attempt to test the support area near 310.05. Where can we expect a rebound and continued growth of the cryptocurrency to the area above the level of 545.05. 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 255.05 area. In this case, we should expect a continuation of the decline with a target below the area of ​​205.05.

News Source

Related posts

Ethereum (ETH/USD) forecast and analysis on June 19, 2020

PumpMoonshot

Ethereum Is the Best-Performing Asset Class of 2020

PumpMoonshot

Ethereum Forecast and Analysis October 26 — 30, 2020

PumpMoonshot

Leave a Comment