Ethereum ETH/USD are trading at 204 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $21 505 654 504. 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 230.
Ethereum forecast & technical analysis November 14, 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 lower boundary of the channel and a continued decline in the ETH/USD quotes below 180. With the breakdown of the resistance area and the closing of the quotes above the level of 215, we should expect confirmation of the upward movement in Ethereum.
Ethereum forecast & technical analysis November 14, 2018 suggests 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 region above the level of 230. An additional 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.
