Ethereum ETH/USD traded at 197 and continues to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $20 576 127 539. At the moment, we can expect an attempt to test the resistance level near 210. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 155.
Ethereum forecast & technical analysis October 12, 2018
An additional signal in favor of the drop in ETH/USD quotes is 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 235, which will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 270. With the breakdown of the support area and the closing of quotes below 175, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis October 12, 2018 implies an attempt to test the resistance area near the level of 210, from which we should expect a rebound and the continuation of the fall in the ETH/USD cryptocurrency below 155, an additional signal in favor of Ethereum falling the relative strength index (RSI), the cancellation of the option of reducing the digital currency will make a breakdown of the area 235, which will indicate continued growth with a potential target above level 270.