Ethereum ETH/USD are traded at 205 and continue to move within the channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $21 355 363 110. At this point, we should expect a test of the resistance level near area 230. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below the level of 130.
Ethereum forecast & technical analysis September 21, 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 variant of the decrease of the cryptocurrency will be a strong growth and a breakdown of the level of 255, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of quotations of ETH/USD above the level of 310. With the breakdown of the support area and the closing of quotations below level 185, it is necessary to confirm the confirmation of the development of the downward movement in Ethereum.
Ethereum forecast & technical analysis September 21, 2018 suggests an attempt to test the resistance area near the level of 230, 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 trend line test on 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 level 310.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
