Ethereum ETH/USD are traded at 293 and continue to move within the framework of the formation of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $29 727 556 146. At this point, you should expect a test of the support level near the area of 280. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above the level of 315.
Ethereum (ETH/USD) technical analysis August 30, 2018
In favor of the growth of quotations ETH/USD will test a broken trend line on the indicator of relative strength index (RSI). Canceling the variant of the growth of the cryptocurrency will be a drop and breakdown of the level 275, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the decline of the ETH/USD below the level of 255. With the breakdown of the resistance area and the closing of quotes above the level of 300, we should expect confirmation of the development of the bullish movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 30, 2018 assumes a test of the support area near the 280 level, where we expect the rebound and the continuation of the growth of the ETH/USD cryptocurrency in the area above the level of 315, 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 variant of growth of the digital currency will be the breakdown of area 275, which indicates continuation of the decrease with the potential target below the level of 255.
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