Ethereum ETH/USD are traded at the level of 230 and continue to move within the descending channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $24 010 277 611. At this point, we should expect a test of the support level near the area of 220. Again, we should expect a rebound and the continued growth of the Ethereum rate with a target above 270.
Ethereum forecast & technical analysis September 25, 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). Cancellation of the variant of the growth of the crypto currency will be a drop and a breakdown of the level of 205, which will indicate the breakdown of the lower border of the channel and the continuation of the drop in quotes ETH/USD below 180. With the breakdown of the resistance area and the closing of quotes above 255, it is necessary to confirm the development of the upward movement in Ethereum.
Ethereum forecast & technical analysis September 25, 2018 assumes a test of the support area near level 220, from which it is expected to rebound and continue the growth of the ETH/USD cryptocurrency to the area above the 270 level, an additional signal for the growth of Ethereum will be a trend line test on an indicator of relative strength index (RSI), the abolition of the variant of the growth of the digital currency, the breakdown of area 205 will occur, which indicates the continuation of the fall with a potential target below the level of 180.
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