Ethereum ETH/USD are trading at 208 and continue to move in the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $ 21 715 385 685. At the moment, we can expect an attempt to test the support level near the region of 200. Where will we expect again a rebound and continued growth of the Ethereum rate with a potential target above the level of 225.
Ethereum forecast & technical analysis November 12, 2018
An additional signal in favor of the growth of ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 195. This will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below 180. With the breakdown of the resistance area and the closure of quotes above the level of 215, we should expect confirmation of the development of an upward movement in Ethereum.
Ethereum forecast & technical analysis November 12, 2018 implies an attempt to test the support area near the level of 200. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency in the area below the level of 225. Another signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The breakdown of the digital currency growth option will be the breakdown of the 195 area. Such an option will indicate a continuation of the fall with a potential target below the level of 180.
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