Ethereum ETH/USD completes the trading week at 227 and continues to move within the bearish trend. At this point, we should expect an attempt at a resistance level near the area of 255. Where again we should expect a rebound and the continued decline in the Ethereum rate with a potential target below level 105.
Ethereum weekly forecast & analysis September 10 — 14, 2018
In favor of the decline in quotations ETH/USD on the current trading week September 10 — 14, 2018 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 abolition of the fall option will be a strong growth and a breakdown of level 310, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD with the goal of all levels 425. A confirmation of the decrease of the Ethereum cryptocurrency will be the breakdown of the support area and the closing of quotes below the level of 165.
Ethereum weekly forecast & analysis September 10 — 14, 2018 suggests an attempt to test the resistance area near the level of 255, from which it is expected to rebound and continue falling of the cryptocurrency in the area below level 105, an additional signal in favor of Ethereum decline will be a trend line test on the relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the area 310, in this case, we should expect the completion of a bearish trend and continued growth.
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