Ethereum ETH/USD are traded at 208 and continue to move within the limits of the decline. Capitalization of the cryptocurrency at the time of publication of the forecast is $21 260 189 593. At this point, we should expect a test of the resistance level near area 225. Where again we should expect a rebound and the continued decline in the Ethereum rate with a potential target below 170.
Ethereum forecast & technical analysis September 26, 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 bearish model of «Wolfe Wave». Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown of the level of 240, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of quotations ETH/USD above the level of 255. With the breakdown of the support area and the closing of quotes below 200, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 26, 2018 suggests an attempt to test the resistance area near the 225 level, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 170, an additional signal in favor of the Ethereum fall will be a trend line test on an indicator of relative strength index (RSI).
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