Ethereum ETH/USD are trading at 202 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $21 557 745 328. At the moment, we can expect an attempt to test the resistance level near the area 215. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 170.
Ethereum forecast & technical analysis October 17, 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 230, 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 closing of quotes below 185, we should expect confirmation of the development of a downward movement in Ethereum.
Ethereum forecast & technical analysis October 17, 2018 implies an attempt to test the resistance area near the level of 215, from which we should expect a rebound and the ETH/USD cryptocurrency decline to fall below 170, 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 230, which will indicate continued growth with a potential target above level 270.