Ethereum forecast & technical analysis November 6, 2018

Ethereum ETH/USD traded at 206 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $21 554 565 061. At the moment, we can expect an attempt to test the support level near the region of 200. Where should 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 6, 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 the fall and the breakdown of the level of 195, which will indicate the breakdown of the support area and the continuation of the fall of the ETH/USD quotes below 180. With the breakdown of the resistance area and the closing of the quotes above the level of 220, we should expect confirmation of the upward movement on Ethereum.

Ethereum forecast & technical analysis November 6, 2018

Ethereum forecast & technical analysis November 6, 2018 suggests an attempt to test the support area near the level of 200, from which we should expect a rebound and the continued growth of the ETH/USD cryptocurrency to below 225, with an additional signal in favor of Ethereum growth the relative strength index (RSI), the cancellation of the growth option of the digital currency will be a breakdown of the area 195, which will indicate a continuation of the fall with a potential target below the level of 180.


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