Ethereum ETH/USD are traded at the level of 280 and continue to move within the bearish channel. Capitalization of the cryptocurrency at the time of publication of the forecast remains at $ 28 791 753 328. At this point, we should expect an attempt to test the upper boundary of the channel of area 290. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 235.
Ethereum (ETH/USD) technical analysis August 22, 2018
In favor of falling quotes ETH/USD will perform a downtrend test on the indicator of relative strength index (RSI). Cancellation of the variant of the crypto currency fall will be a strong growth and breakdown of the level of 305, 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 365. With the breakdown of the support area and the closing of quotes below the level of 265, it is necessary to confirm the confirmation of the development of the downward movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 22, 2018 suggests an attempt to test the resistance area near the level of 290, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 235, an additional signal in favor of the Ethereum fall will test the resistance line at indicator of relative strength index (RSI), the cancellation of the variant of the fall of the digital currency will be the breakdown of the area 305.
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