Ethereum ETH/USD are traded at 187 and continue to move within the framework of a bullish correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $19 741 957 584. At this point, we should expect a test of the support level near the area of 185. Where again we should expect a rebound and the continued growth of the Ethereum rate with a target above the level of 205.
Ethereum forecast & technical analysis September 14, 2018
An additional signal in favor of the growth of quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI), as well as the test of the broken channel’s bearish channel. Cancellation of the variant of the growth of the cryptocurrency will be a drop and a breakdown of the level of 175, which will indicate the breakdown of the support level and the continuation of the decline of quotations ETH/USD below the level of 165. With the breakdown of the resistance area and the closing of quotes above the level of 190, it is necessary to confirm the development of the bullish movement in Ethereum.
Ethereum forecast & technical analysis September 14, 2018 suggests an attempt to test the support area near the level of 185, from which it is expected to rebound and continue the growth of the ETH/USD cryptocurrency in the area below the level of 205, an additional signal for the growth of Ethereum will be a trend line test on indicator of relative strength index (RSI), the abolition of the variant of growth of the digital currency will be a breakdown of the area 175, which indicates the continuation of the fall with a potential target below the level of 165.
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