Ethereum ETH/USD are traded at the level of 318 and continue to move within the limits of the decline. At this point, we should expect an attempt to test the upper boundary of the bearish channel near area 335. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below the level of 250.
Ethereum (ETH/USD) technical analysis August 14, 2018
In favor of falling quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown at level 385, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD above the level of 455. With the breakdown of the support area and the closing of quotes below the level of 295, it is necessary to confirm the development of a bearish trend in Ethereum.
Ethereum (ETH/USD) technical analysis August 14, 2018 suggests an attempt to test the resistance area near the 335 level, from which it is expected to rebound and continue decreasing the ETH USD cryptocurrency in the area below the level of 250, an additional signal in favor of the Ethereum fall will be a trend line test on indicator of relative strength index (RSI).
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