Ethereum forecast & technical analysis November 7, 2018


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Ethereum ETH/USD are trading at 208 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $21 814 376 550. At the moment, we can expect an attempt to test the support level near the 205 area. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the 230 level.

Ethereum forecast & technical analysis November 7, 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 200, which will indicate that the support area is broken down and the ETH/USD quotes fall further below 180. With the breakdown of the resistance area and closing of the quotes above 215, we should expect confirmation of the upward movement in Ethereum.

Ethereum forecast & technical analysis November 7, 2018

Ethereum forecast & technical analysis November 7, 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, an additional signal in favor of Ethereum growth will be a test of the trend line for 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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