Ethereum ETH/USD ends the trading week at 1466.20 and continues to move within the fall and the rising 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 price rise and test the resistance level near the area of 1675.05. 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 725.05.
Cryptocurrency Ethereum Forecast March 1 — 5, 2021
An additional signal in favor of a fall in ETH/USD quotes in the current trading week March 1 — 5, 2021 will be a test of the broken trend 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 falling cryptocurrency value in the current trading week will be strong growth and a breakdown of the level of 1925.05. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes with a potential target above the level of 2235.00. Confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 2025.05.
Cryptocurrency Ethereum Forecast March 1 — 5, 2021 implies an attempt to test the resistance area near the level of 1675.05. Where can we expect a rebound and the continuation of the fall of the cryptocurrency to the area below the level of 725.05. An additional signal in favor of a decline in the Ethereum rate will be a test of the resistance line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 1925.05 area. In this case, we should expect a continuation of the rise with the target above the area of 2235.00.