Ethereum ETH/USD completes the trading week at 203 and continues to move within the bearish trend. At this point, we should expect a resistance level attempt near area 245. Where again we should expect a rebound and the continued fall of the Ethereum rate with a potential target below level 110.
Ethereum weekly forecast & analysis September 17 — 21, 2018
In favor of the reduction of quotations ETH/USD on the current trading week on September 17 — 21, 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 breakdown of the 310 level, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD with a potential target above 425. A confirmation of the decrease in the Ethereum cryptocurrency will be the breakdown of the support area and the closing of quotations below level 155.
Ethereum weekly forecast & analysis September 17 — 21, 2018 suggests an attempt to test the resistance area near the level of 245, from which it is expected to rebound and continue falling of the cryptocurrency in the area below the level of 110, an additional signal in favor of Ethereum decline will be a test of the trend line on the indicator of 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.