Ethereum ETH/USD are trading at 100 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $10 916 170 913. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the area of 105. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential goal below level 95.
Ethereum Forecast and ETH/USD Analysis February 7, 2019
An additional signal in favor of the drop in ETH/USD quotes is a test of the bearish trend line on the relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 110. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above 135. With the breakdown of the support area and the closure of quotes below 95, we should expect the downward movement development along Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis February 7, 2019 implies an attempt to test the resistance area near the level of 105. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 95. An additional signal in favor of reducing Ethereum is a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 110. That would indicate continued growth with a potential target above the level of 135.
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