Ethereum ETH/USD are traded at 809 and continue to move in the bearish trend. At this point, we should expect a test of the resistance level near the 950 area. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below the level of 580. In favor of falling quotations, ETH/USD will test the resistance line on the relative strength index (RSI).
Ethereum forecast & technical analysis February 9, 2018
Cancellation of the variant of the fall will be a strong growth and breakdown of the level of 970, which will indicate the breakdown of the resistance area and the continuation of the growth of ETH/USD above the level of 1250. Expect the acceleration of the fall is with the breakdown of the lower boundary of the channel and closing below 400.
Ethereum forecast & technical analysis February 9, 2018 suggests a test of the level 950, from which it is expected to rebound and continue falling to the area below the level of 580, 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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