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 $23 050 039 332. At the moment, we can expect an attempt to test the resistance level near the area 225. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 200.
Ethereum forecast & technical analysis October 9, 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 235, which will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 255. With the breakdown of the support area and the closing of quotes below 215, we should expect confirmation of the development of downward movement in Ethereum and the start of development «Triangle» models.
Ethereum forecast & technical analysis October 9, 2018 implies an attempt to test the resistance area near the level of 225, from which we should expect a rebound and the ETH/USD cryptocurrency to fall below 200, 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 235, which will indicate continued growth with a potential target above level 255.
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