Ethereum ETH/USD ends the trading week at the level of 193 and continues to move in the framework of the bearish trend. At the moment, we should expect an attempt at a resistance level near the region 210. Where again we should expect a rebound and the continuation of the decline in the rate of Ethereum with a potential target below the level of 100.
Ethereum weekly forecast & analysis October 15 — 19, 2018
In favor of the drop in ETH/USD quotes on the current trading week of October 15 — 19, 2018, the formation of the «Head and Shoulders» model was completed. Cancellation of the fall option will be a strong growth and a breakdown of the level of 270, which will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential target above the level of 380. Confirmation of a decline in cryptocurrency Ethereum will be a breakdown of the support area and closing of quotes below 150.
Ethereum weekly forecast & analysis October 15 — 19, 2018 involves an attempt to test the resistance area near the level of 210, where you should expect a rebound and continue to reduce the cryptocurrency in the region below the level of 100, an additional signal in favor of Ethereum falling will be a test of the trend line on the relative strength index (RSI), the cancellation of the reduction option will be a strong growth and the breakdown of region 270, in this case, we should expect continued growth.