Ethereum ETH/USD are trading at the 201 level and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $21 187 394 250. 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 175.
Ethereum forecast & technical analysis October 19, 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 265. With the breakdown of the support area and the closure of quotes below 185, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis October 19, 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 175, an additional signal in favor of Ethereum falling the relative strength index (RSI), the cancellation of the option to reduce the digital currency will be a breakdown of the 225 area, which will indicate continued growth with a potential target above level 265.