Ethereum ETH/USD are traded at 223 and continue to move within a strong fall. Capitalization of the cryptocurrency at the time of publication of the forecast is $22 903 054 119. At this point, you should expect a test of the resistance level near area 235. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below the level of 190.
Ethereum forecast & technical analysis September 7, 2018
In favor of declining quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the cryptocurrency will be a strong growth and a breakdown of the level of 245, which will indicate a breakdown of resistance and the continuation of the growth of ETH/USD above the level of 265. With the breakdown of the support area and the closing of quotes below level 215, one should expect confirmation of the development of the bearish movement in Ethereum.
Ethereum forecast & technical analysis September 7, 2018 suggests an attempt to test the resistance area near the level of 235, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below level 190, an additional signal in favor of the Ethereum decline will be a resistance line test at an indicator of relative strength index (RSI), the abolition of the digital currency fall, there will be a strong growth and breakdown of the area 245, which indicates that the growth will continue with a potential target above the level of 265.
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