Ethereum (ETH) forecast for 2020-05-24

Analysis for 2020-05-24

Ethereum (ETH) The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall in ETH/USD quotes. Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level of 235.00. This will indicate a breakdown of the upper boundary of the downward channel and the continuation of the growth of ETH/USD quotes above the level of 275.00. With the breakdown of the support area and the closing of quotations below the level of 190.05, we should expect confirmation of the development of a fall in Ethereum. LTC/USD are trading at 72.33 and continue to move as part of the decline and the downward channel.
Ethereum (ETH)

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