Ethereum Price Analysis for May, 19th – ETH Looks Very Promising

By Dmitriy Gurkovskiy, author at RoboForex Blog

On Tuesday, May 19th, the ETH rate is correcting slightly after steady growth. The cryptocurrency is generally trading at 214.17 USD.

On D1, the pair keeps developing an uptrend. Currently, it is testing 61.8% Fibo again. If it breaks the level away, we may speak about further growth inside the ascending channel. The potential aim of the growth is still at 240.00 USD. The MACD goes on working off the Golden Cross that formed last week. The histogram is above zero, signaling the continuation of the uptrend.

On H4, the pair keeps