Ethereum ETH/USD are traded at the level of 280 and continue to move within the bearish channel. The capitalization of the cryptocurrency at the time of publication is $ 29 034 129 800. At this point, you should expect an attempt to test the upper boundary of the channel area of 290. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 245.
Ethereum (ETH/USD) technical analysis August 23, 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 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 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 bearish movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 23, 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 245, an additional signal in favor of the Ethereum fall will be a resistance line test 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 300.
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