Ethereum ETH/USD completes the trading week at 463 and continues to move in a bearish trend. At this point, we should expect a resistance level attempt near the area of 490. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 325.
Ethereum weekly forecast & analysis July 23 — 27, 2018
In favor of lowering quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The cancellation of the fall option will result in a strong growth and breakdown at level 545, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD. Confirmation of the decrease of the cryptocurrency will be the breakdown of the lower limit of the upward channel and the closing of quotations below the level of 405.
Ethereum weekly forecast & analysis July 23 — 27, 2018 suggests an attempt to test the resistance area near the level of 490, from which it is expected to rebound and continue falling of the crypto-currency in the area below the level of 325, an additional signal in favor of Ethereum decline will be a downlink resistance test on the relative strength index (RSI), the cancellation of the fall variant will be the breakdown of the area 545.
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