Ethereum ETH/USD traded at 112.86 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $11 801 823 010. At the moment, we can expect an attempt to correct and test the support level near the 105 area. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the 145 level.
Ethereum forecast & technical analysis November 29, 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 level 95. This will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below 65. With the breakdown of the resistance area and the closing of quotes above 120, we should expect an acceleration of the upward movement in Ethereum.
Ethereum forecast & technical analysis November 29, 2018 suggests an attempt to test the support area near the level of 105. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above 145. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The cancellation of the option of growth of the digital currency will be made by the breakdown of area 95. This will indicate a continuation of the fall with a potential target below level 65.
