Ethereum ETH/USD are traded at the level of 290 and continue to move within the correction. At this point, we should expect a test of the support level near the area of 275. Where again we should expect a rebound and the continued growth of the Ethereum rate with a target above 345.
Ethereum (ETH/USD) technical analysis August 17, 2018
In favor of falling quotations ETH/USD will perform a test of a broken trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the growth of the cryptocurrency will be a drop and a breakdown of the level 235, which will indicate the breakdown of the support area and the continuation of the fall of the ETH/USD below the level of 180. With the breakdown of the resistance area and the closing of quotations above 310, it is necessary to confirm the development of the bullish movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 17, 2018 suggests a test of the support area near the 275 level, from which it is expected to rebound and continue the growth of the ETH/USD cryptocurrency to the area above the 345 level, an additional signal for the growth of Ethereum will be a trend line test on indicator of relative strength index (RSI).
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