Ethereum ETH/USD are traded at level 166 and continue to move within a strong fall. Capitalization of the cryptocurrency at the time of publication of the forecast is $17 583 760 968, which also shows a decline. At this point, we should expect a test of the resistance level near the area of 185. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below level 130.
Ethereum forecast & technical analysis September 13, 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 cryptocurrency will be a strong growth and breakdown of the level of 210, which will indicate the breakdown of the resistance level and the continuation of the growth of ETH/USD above the level of 245. With the breakdown of the support area and the closing of quotations below 150, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 13, 2018 suggests an attempt to test the resistance area near the level 185, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 130, 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 digital currency fall, there will be a strong growth and breakdown of the area 210, which indicates that the growth will continue with a potential target above the level of 245.
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