Ethereum ETH/USD are traded at 288 and continue to move in the formation of the model «Triangle». Capitalization of the cryptocurrency at the time of publication of the forecast is $ 29 307 848 917. At this point, we should expect a test of the support level near the 270 area. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above 350.
Ethereum (ETH/USD) technical analysis August 29, 2018
In favor of the growth of quotations ETH/USD will test a broken trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the growth of the crypto currency will be a drop and breakdown of the level 245, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of the decline of the ETH/USD below the level of 205. With the breakdown of the upper limit of the «Triangle» model and the closing of quotes above the level of 315, movement on Ethereum.
Ethereum (ETH/USD) technical analysis August 29, 2018 assumes a test of the support area near the 270 level, from which it is expected to rebound and continue the growth of the ETH/USD cryptocurrency in the area above the level of 350, an additional signal for the growth of Ethereum will be a test of the support line at indicator of relative strength index (RSI), cancellation of the growth option of the digital currency will be the breakdown of the area 245.
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