Ethereum ETH/USD are traded at level 213 and continue to move within the framework of an bullish correction. The capitalization of the cryptocurrency at the time of publication of the forecast is $22 081 372 113. At this point, you should expect a test of the resistance level near area 220. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 185.
Ethereum forecast & technical analysis September 18, 2018
An additional signal in favor of falling quotes ETH/USD will test the trend line on the indicator of relative strength index (RSI), as well as the formation of the model «Head and Shoulders». The abolition of the variant of the reduction of the cryptocurrency will be a strong growth and a breakdown of the level of 230, which will indicate the breakdown of the resistance level and the continuation of the growth of quotations ETH/USD above the level of 245. With the breakdown of the support area and the closing of quotations below 195, it is necessary to confirm the development of the downward movement in Ethereum.
Ethereum forecast & technical analysis September 18, 2018 suggests an attempt to test the resistance area near the level of 220, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 185, an additional signal in favor of Ethereum decline will be a trend line test on indicator of relative strength index (RSI), the cancellation of the variant of the fall of the digital currency, the breakdown of area 230 will occur, indicating that the growth will continue with a potential target below the level of 245.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
