Ethereum ETH/USD are traded at the level of 255 and continue to move within the beginning of the «Triangle» model development. Capitalization of the cryptocurrency at the time of publication of the forecast is $26 510 408 510. At this point, you should expect a test of the resistance level near area 265. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below the level of 200.
Ethereum (ETH/USD) technical analysis September 6, 2018
In favor of lowering the quotations of ETH/USD, a test of the broken trend line will appear on the indicator of relative strength index (RSI). Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown of the level of 295, which will indicate the breakdown of resistance and the continuation of the growth of ETH/USD above the level of 335. With the breakdown of the support area and the closing of quotes below the level of 235, one should expect confirmation of the development of the bearish movement in Ethereum.
Ethereum (ETH/USD) technical analysis September 6, 2018 suggests an attempt to test the resistance area near the level of 265, from which we expect a rebound and the continuation of the fall of the cryptocurrency ETH/USD in the area below the level of 200, an additional signal in favor of Ethereum decline 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, there will be a strong growth and breakdown of the area of 295, which will indicate the continuation of growth with a potential target above the level of 335.
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