Ethereum ETH/USD are traded at the level of 218 and continue to move within the correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 22 389 294 197. At this point, we should expect a test of the resistance level near the area of 235. Where again we should expect a rebound and the continued fall of the Ethereum exchange rate with a potential target below the level of 160.
Ethereum forecast & technical analysis September 28, 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 reversal model «Head and Shoulders». Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown of the level 245, 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 295. With the breakdown of the support area and the closing of quotations below 200, it is necessary to confirm the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 28, 2018 suggests a test of the resistance area near the 235 level, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 160, an additional signal in favor of the Ethereum fall will be a trend line test on an indicator of relative strength index (RSI), the abolition of the option of reducing the digital currency will break through the area 245, which indicates the continued growth with a potential target above the level of 295.
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