Ethereum ETH/USD are traded at the level of 578 and continue to move within the bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 600. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below 380.
Ethereum (ETH/USD) technical analysis on March 22, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI). The reversal of the fall will be a strong growth and a breakdown of the level of 670, which will indicate the breakdown of the resistance area and the continuation of the growth of ETH/USD above the level of 900. With the breakdown of the support area and the closing of quotations below 400, it is necessary to confirm the development of the bearish trend in Ethereum.
Ethereum (ETH/USD) technical analysis on March 22, 2018 expects a test of the resistance level near the area of 600, from which it is expected to rebound and continue falling to the area below the 380 level, an additional signal in favor of the Ethereum fall will be a bearish trend test on the relative strength index (RSI).
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