Ethereum ETH/USD are traded at 221 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $22 954 300 699. 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 175.
Ethereum forecast & technical analysis October 5, 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), as well as the formation of the «Head and Shoulders» reversal pattern. 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 5, 2018 implies an attempt to test the resistance area near the level of 230, from which we should expect a rebound and the ETH/USD cryptocurrency fall to below 175, an additional signal in favor of Ethereum falling 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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