Ethereum ETH/USD are trading at 212 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $22 078 058 069. At the moment, we can expect an attempt to test the support level near 210. Where will we expect again a rebound and continued growth of the Ethereum rate with a potential target above 225.
Ethereum forecast & technical analysis November 9, 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 of 205. This will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below the level of 195. With the breakdown of the resistance area and the closing of the quotes above the level of 215, we should expect confirmation of the development of an upward movement in Ethereum.
Ethereum forecast & technical analysis November 9, 2018 suggests an attempt to test the support area near the level of 210. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to below 225. An additional signal in favor of growth of Ethereum is relative strength index (RSI). The cancellation of the option of growth of the digital currency will be the breakdown of the area 205. This option will indicate a continuation of the fall with a potential target below the level of 195.
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