Ethereum ETH/USD traded at 217 and continues to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $22 570 035 515. At the moment, we can expect an attempt to test the resistance level near the area of 230. 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 4, 2018
An additional signal in favor of falling quotes ETH/USD will test the trend line on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 245, which will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 295. With the breakdown of the support area and the closing of quotes below 205, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis October 4, 2018 suggests an attempt to test the resistance area near the level of 230, from which we should expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 180, 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 make a breakdown of the 245 area, which will indicate continued growth with a potential target above the level of 295.
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