Ethereum ETH/USD are traded at 285 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 $29 427 063 025. At this point, we 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 below the level of 320.
Ethereum (ETH/USD) technical analysis September 5, 2018
In favor of the growth of quotations ETH/USD will test the bullish trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the growth of the cryptocurrency will be a drop and breakdown of the level of 265, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of the fall of the ETH/USD below the level of 215. With the breakdown of the upper limit of the «Triangle» model and the closing of quotes above the level of 305, movement on Ethereum.
Ethereum (ETH/USD) technical analysis September 5, 2018 suggests an attempt to test the support area near the 280 level, from which it is expected to rebound and continue the growth of the ETH/USD cryptocurrency in the area above the level of 320, an additional signal for the growth of Ethereum will be a test of the support line at an indicator of relative strength index (RSI), the abolition of the growth of the digital currency, the fall and breakdown of area 265 will occur, indicating a continued decline with a potential target below level 215.
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