Ethereum forecast & technical analysis January 31, 2018


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Ethereum ETH/USD are traded at the level of 1171 and continue to move within the growth. At this point, we should expect an attempt to test the level of 1150. Again, we should expect a rebound and the continued growth of the Ethereum with a target above the level of 1350. In favor of the growth of quotations ETH/USD will perform a test of the support line on the indicator of relative strength index (RSI).

Ethereum forecast & technical analysis January 31, 2018

The cancellation of the growth option will be the breakdown of the lower border of the channel and the closure below 1000, which will indicate the outflow of quotes outside the channel and the continuation of the fall of ETH/USD. Expect the acceleration of growth is the level of resistance and closing above 1250.

Ethereum forecast & technical analysis January 31, 2018

Ethereum forecast & technical analysis January 31, 2018 suggests an attempt to test the lower boundary of the channel near the level of 1150 where we can expect a rebound and the continued growth in the region above the level of 1350, an additional signal in favor of growth Ethereum perform the test the support line on the indicator of relative strength index (RSI).


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