Ethereum ETH/USD are traded at the level of 509 and continue to move within a bearish trend. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 525. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below level 460.
Ethereum (ETH/USD) technical analysis on March 24, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall option will be a strong growth and breakdown of the level of 550, 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 590. With the breakdown of the support area and the closing of quotes below 490, one should expect confirmation of the development of the bearish trend in Ethereum.
Ethereum (ETH/USD) technical analysis on March 24, 2018 expects a test of the resistance level near the 525 area, from which it is expected to rebound and continue falling to the area below the level of 460, an additional signal in favor of the Ethereum fall will be a downtrend test on the relative strength index (RSI).
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