Ethereum ETH/USD are traded at the level of 268 and continue to move within the bearish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 27 692 764 883. At this point, we should expect a test of the resistance level near the area of 285. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below 240.
Ethereum (ETH/USD) technical analysis August 24, 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 290, 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 quotations below 255, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 24, 2018 suggests an attempt to test the resistance area near the level of 285, from which it is expected to rebound and continue falling of the cryptocurrency ETH/USD to the area below the level of 240, an additional signal in favor of the Ethereum fall will be a resistance line test at indicator of relative strength index (RSI), the abolition of the variant of the fall of the digital currency will be the breakdown of the area 290.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
