Ethereum ETH/USD are trading at 197 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $20 847 701 488. At the moment, we should expect an attempt to test the resistance level near the region of 200. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 180.
Ethereum forecast & technical analysis October 26, 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), as well as a test of the upper boundary of the «Triangle» model. Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the level of 205, which will indicate the breakdown of the resistance area and continued growth of the ETH/USD quotes above the level of 235. With the breakdown of the support area and the closing of the quotes below the level of 190, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis October 26, 2018 suggests an attempt to test the resistance area near the level of 200, expect a rebound and continue to drop the ETH/USD cryptocurrency to below 180, with 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 area 205, which will indicate continued growth with a potential target above level 235.