Ethereum ETH/USD are traded at 194 level and continue to move within the limits of the decline. Capitalization of the cryptocurrency at the time of publication of the forecast is $20 050 107 559. At this point, we should expect a test of the resistance level near the area of 205. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below 155.
Ethereum forecast & technical analysis September 11, 2018
In favor of declining quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. Canceling the variant of the fall of the crypto currency will be a strong growth and a breakdown of the level of 225, which will indicate the breakdown of the resistance level and the continuation of the growth of ETH/USD above the level of 255. With the breakdown of the support area and the closing of quotations below 180, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 11, 2018 suggests an attempt to test the resistance area near the level of 205, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 155, an additional signal in favor of Ethereum decline will be a resistance line test at an indicator of relative strength index (RSI), the cancellation of the variant of the fall of the digital currency, there will be a strong growth and breakdown of the area of 225, which will indicate the continuation of growth with a potential target above the level of 255.
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