Ethereum ETH/USD traded at 219 and continues to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $22 733 857 448. At the moment, we can expect an attempt to test the support level near the 215 area. Where again we expect the rebound and continued growth of the Ethereum rate with a potential target above the level 235.
Ethereum forecast & technical analysis November 8, 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 210, which will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below 190. With the breakdown of the resistance area and the closure of the quotes above 225, we should expect confirmation of the upward movement on Ethereum.
Ethereum forecast & technical analysis November 8, 2018 implies an attempt to test the support area near the level of 215, from which we should expect a rebound and continued growth of the ETH/USD cryptocurrency to below 235, 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 210 area, which will indicate a continuation of the fall with a potential target below 190.
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