Ethereum ETH/USD are traded at 284 and continue to move as part of the formation of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $29 337 948 180. At this point, you should expect a test of the resistance level near the area of 290. Again, we should expect a rebound and the continued fall of the Ethereum rate with a target below the level of 180.
Ethereum (ETH/USD) technical analysis September 4, 2018
In favor of declining quotations ETH/USD will form a reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the variant of the cryptocurrency fall will be a strong growth and a breakdown of the level of 320, which will indicate the breakdown of the upper limit of the Triangle model and the continuation of the growth of the ETH/USD above the level of 350. With the breakdown of the lower bound of the «Triangle» model and the closing of quotations below 255, bearish movement on Ethereum.
Ethereum (ETH/USD) technical analysis September 4, 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 180, an additional signal in favor of Ethereum decline will be a resistance line test at an indicator of relative strength index (RSI), the cancellation of the digital currency fall, strong growth and breakdown of the area of 320 will appear, indicating that the growth will continue with a potential target above the level of 350.
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