Ethereum ETH/USD are trading at 226 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $23 515 267 162. At the moment, we should expect an attempt to test the resistance level near the area 235. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 160.
Ethereum forecast & technical analysis October 10, 2018
An additional signal in favor of the drop in ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 255, which will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 295. With the breakdown of the support area and the closing of quotes below 210, we should expect confirmation of the bearish movement in Ethereum and the start of development «Triangle» models.
Ethereum forecast & technical analysis October 10, 2018 implies an attempt to test the resistance area near the level of 235, from which we should expect a rebound and the ETH/USD cryptocurrency fall to below 160, an additional signal in favor of Ethereum falling will be a test of the trend line on the relative strength index (RSI), the cancellation of the option of reducing the digital currency will make a breakdown of the area of 255, which will indicate continued growth with a potential target above the level of 295.
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