Ethereum ETH/USD are traded at 893 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 960. Once again, we expect a rebound and the continued decline in the Ethereum rate with a target below 640. In favor of falling quotations, ETH/USD will test the trend line on the indicator of relative strength index (RSI).
Ethereum forecast & technical analysis February 3, 2018
The abolition of the fall option will be a strong growth and breakdown of the level of 1000, which will indicate the outflow of quotes outside the channel and the continuation of the growth of ETH/USD. To expect the acceleration of the fall is with the breakdown of the support level and closing below 750.
Ethereum forecast & technical analysis February 3, 2018 assumes a test of the level 960, from which it is expected to rebound and continue falling to the area below the level of 640, an additional signal in favor of the Ethereum fall will test the resistance line on the indicator of relative strength index (RSI).
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