Ethereum ETH/USD traded at 193 and continues to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $20 311 037 677. At the moment, we can expect an attempt to test the resistance level near the 195 area. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with the potential target below 185.
Ethereum forecast & technical analysis November 1, 2018
An additional signal in favor of the drop in ETH/USD quotes is a test of the trend line on the relative strength index (RSI), as well as a test of the upper limit of the downward channel. Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level 200, indicating a breakdown of the resistance area and continued growth of ETH/USD quotes above the level of 235. With the breakdown of the support area and the closure of quotes below the level of 190, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis November 1, 2018 suggests an attempt to test the resistance area near the 195 level, from which we should expect a rebound and the ETH/USD cryptocurrency to fall below 185, an additional signal in favor of Ethereum falling will be a test of the trend line for the relative strength index (RSI), the cancellation of the option to reduce the digital currency will be the breakdown of the area 200, which will indicate continued growth with a potential target above level 235.