Ethereum ETH/USD are traded at the level of 209 and continue to move within the bearish channel. The capitalization of the cryptocurrency at the time of publication of the forecast is $21 585 696 522. At this point, you should expect a test of the resistance level near area 230. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below level 130.
Ethereum forecast & technical analysis September 20, 2018
An additional signal in favor of falling quotes ETH/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the cryptocurrency reduction option will be a strong growth and a breakdown of the level of 255, which will indicate the breakdown of the resistance level and the continuation of the growth of quotations ETH/USD above the level of 300. With the breakdown of the support area and the closing of quotes below 180, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 20, 2018 suggests an attempt to test the resistance area near the level of 230, from which we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency in the area below the level of 130, an additional signal in favor of Ethereum decline will be a trend line test on an indicator of relative strength index (RSI), the abolition of the variant of the fall of the digital currency, a breakdown of the area of 255 will appear, indicating that the growth will continue with a potential target below the level of 300.
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