Ethereum forecast & technical analysis October 16, 2018


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Ethereum ETH/USD are trading at 200 and continue to move as part of a decline. Cryptocurrency capitalization at the time of the publication of the forecast is $21 468 540 170. 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 16, 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 225, which will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 260. With the breakdown of the support area and the closure of quotes below 175, we should expect confirmation of the downward movement in Ethereum.

Ethereum forecast & technical analysis October 16, 2018

Ethereum forecast & technical analysis October 16, 2018 suggests 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 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 be made by the breakdown of the area 225, which will indicate continued growth with a potential target above level 260.


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