Ethereum ETH/USD are traded at 254 and continue to move within the limits of the decline. At this point, we should expect an attempt to test the upper boundary of the descending channel near area 285. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below the 195 level.
Ethereum (ETH/USD) technical analysis August 15, 2018
In favor of falling quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the cryptocurrency fall will be a strong growth and breakdown of the level of 300, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD above the level of 380. With the breakdown of the support area and the closing of quotes below 225, it is necessary to confirm the development of a bearish trend in Ethereum.
Ethereum (ETH/USD) technical analysis August 15, 2018 suggests an attempt to test the resistance area near the level of 285, from which it is expected to rebound and continue the decline of the ETH/USD cryptocurrency in the area below the level of 195, an additional signal in favor of the Ethereum fall will be a trend line test on indicator of relative strength index (RSI).
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