Ethereum ETH/USD are trading at 102 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $10 797 860 916. At the moment, we can expect an attempt to correct and test the resistance level near 110. Where again we can expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 75.
Ethereum forecast & technical analysis November 28, 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). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 125. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above the level of 145. With the breakdown of the support area and the closure of quotes below 90, we should expect an acceleration of the bearish movement in Ethereum.
Ethereum forecast & technical analysis November 28, 2018 suggests an attempt to test the resistance area near the level of 110. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 75. An additional signal in favor of Ethereum falling will be a test trend line on relative strength index (RSI). The breakdown of the area 125 will be the cancellation of the option to reduce the digital currency. This will indicate continued growth with a potential target above the level of 145.
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