Ethereum ETH/USD traded at 195 and continues to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $20 526 206 578. At the moment, we can expect an attempt to test the resistance level near the area of 198. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 185.
Ethereum forecast & technical analysis November 2, 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 bearish channel. Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the level of 205, which will indicate the breakdown of the resistance area and continued growth of the ETH/USD quotes above the level of 235. With the breakdown of the support area and the closing of the quotes below the level of 190, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis November 2, 2018 suggests an attempt to test the resistance area near the 198 level, expect a rebound and continue to drop the ETH/USD cryptocurrency to below 185, with an additional signal in favor of Ethereum falling the relative strength index (RSI), the cancellation of the option of reducing the digital currency will make a breakdown of the area 205, which will indicate continued growth with a potential target above level 235.