Ethereum ETH/USD are traded at 887 and continue to move in the fall. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 900. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 630.
Ethereum forecast & technical analysis February 4, 2018
In favor of falling quotations, ETH/USD will test the resistance line on the indicator of relative strength index (RSI). 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. Expect to accelerate the fall is with the breakdown of the support level and closing below 800.
Ethereum forecast & technical analysis February 4, 2018 assumes a test of the level 900, from which it is expected to rebound and continue falling to the area below the level of 630, an additional signal in favor of the Ethereum fall will be a test of the resistance line on the indicator of relative strength index (RSI).
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