Ethereum is traded at 963. ETH/USD continue to move below the moving average level, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 1060 and continue the decline in quotations Ethereum with a target below the level of 620.
ETH/USD forecast Ethereum on January 18, 2018
An additional signal in favor of the fall of Ethereum will be the test of level 80 on the Stochastic indicator, which will form a strong signal for sales of the crypto currency in the direction of a short-term bearish trend.
The cancellation of the drop in the quotations of ETH/USD will result in a strong growth and breakdown of the 1150 area, which will indicate the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotes below area 730, it is expected to accelerate the development of the bearish trend.
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