Ethereum ETH/USD are traded at 759 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near the area of 780. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below 450.
Ethereum forecast & technical analysis February 8, 2018
In favor of falling quotations, ETH/USD will test the resistance line on the relative strength index (RSI), as well as the upper boundary test down channel. The reversal of the fall option will be a strong growth and a breakdown of the level of 870, which will indicate the breakdown of the resistance area and the continuation of the growth of ETH/USD above the level of 1050. Expect to accelerate the fall is with the breakdown of the lower border of the channel and closing below 450.
Ethereum forecast & technical analysis February 8, 2018 expects a test of the level of 780, from which it is expected to rebound and continue falling to the area below the level of 450, 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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