Ethereum ETH/USD ends the trading week at level 196 and continues to move in a bearish trend. At the moment, we should expect an attempt at the resistance level near the area of 205. 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 120.
Ethereum weekly forecast & analysis October 22 — 26, 2018
In favor of the fall in ETH/USD quotes on the current trading week of October 22 — 26, 2018, a rebound from the upper limit of the bearish channel will come forward. Cancellation of the fall option will be a strong growth and a breakdown of level 260, which will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential target above 360. Confirmation of a decline in cryptocurrency Ethereum will break down the support area and close quotes below 155.
Ethereum weekly forecast & analysis October 22 — 26, 2018 involves an attempt to test the resistance area near the level of 205, where you should expect a rebound and continue to decrease the cryptocurrency in the area below 120, an additional signal in favor of Ethereum falling will be a test of the trend line on the indicator of relative strength index (RSI), cancellation of the reduction option will be a strong growth and the breakdown of the area 260, in this case, we should expect continued growth.
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