Ethereum ETH/USD are traded at 394 and continue to move within a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 440. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 240.
Ethereum (ETH/USD) technical analysis April 4, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the fall option will result in a strong growth and a breakdown of the level of 500, which will indicate the breakdown of the upper boundary of the descending channel and the continuation of the growth of ETH/USD above the level of 650. With the breakdown of the support area and the closing of quotations below the level of 340, we should expect confirmation of the development of the bearish trend in Ethereum.
Ethereum (ETH/USD) technical analysis April 4, 2018 suggests an attempt to test the resistance level near the area of 440, from which it is expected to rebound and continue falling into the area below the level of 240, an additional signal in favor of the Ethereum fall will be a test of the bearish trend line on the indicator of relative strength index (RSI).
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