Ethereum ETH/USD are traded at 764 and continue to move within a downtrend. At this point, we should expect a test of the resistance level near the area of 780. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 680. In favor of falling quotes ETH/USD will test the resistance line on the indicator of relative strength index (RSI).
Ethereum forecast & technical analysis on March 9, 2018
Cancellation of the fall option will be a strong growth and breakdown at the level of 825, which will indicate the breakdown of the resistance area and the continuation of the growth of ETH USD above the level of 885. With the breakdown of the lower boundary of the bearish channel and the closing of quotes below 670, it is necessary to confirm the development of the bearish trend in Ethereum.
Ethereum forecast & technical analysis on March 9, 2018 suggests a test of the resistance level near the area of 780, from which it is expected to rebound and continue falling to the area below the level of 680, an additional signal in favor of the Ethereum fall will test the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
