Ethereum ETH/USD are traded at 515 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near the area of 545. Where again we should expect a rebound and the continued decline in the Ethereum rate with a target below 450.
Ethereum forecast & technical analysis on March 19, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The reversal of the fall variant will be a strong growth and a breakdown of the level of 580, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the growth of ETH/USD above the level of 750. With the breakdown of the support area and the closing of quotes below the level of 590, one should expect confirmation of the development of the bearish trend in Ethereum.
Ethereum forecast & technical analysis on March 19, 2018 expects a test of the resistance level near the area of 545, 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 downtrend line on the indicator of relative strength index (RSI).
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