Ethereum ETH/USD is traded at the level of 279.75. Quotes of the cryptocurrency were able to break the upper boundary of the bearish channel and there is a potential for continuing growth in the area above the level of 300. In favor of the growth of quotations ETH/USD is the breakdown of the downward trend line on the indicator of relative strength index (RSI), this line is a support.
Ethereum technical analysis & signals on June 29, 2017
It is expected to rebound and continue the growth of Ethereum. Near the level of 300 quotes will meet resistance again. With breakdown of level 305, we should expect the continuation of Ethereum growth to the local maximum area. Ethereum technical analysis & signals on June 29, 2017 suggests an attempt to test the upper boundary of the downlink at 300, from which we expect a rebound and a drop in quotations of ETH/USD, the cancellation will be a breakdown of level 305, in which case we should expect further growth.
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