Ethereum ETH/USD completes the trading week at 278 and continues to move within the bearish trend. At this point, we should expect an attempt at a resistance level near area 350. Again, we should expect a rebound and the continued decline in the Ethereum rate with a potential target below the level of 165.
Ethereum weekly forecast & analysis September 3 — 7, 2018
In favor of the reduction of quotations ETH/USD on the current trading week September 3 — 7, 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 cancellation of the fall option will result in a strong growth and breakdown at level 430, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD to the target at all levels of 540. A confirmation of the decrease in the Ethereum cryptocurrency will be the breakdown of the support area and the closing of quotations below 240.
Ethereum weekly forecast & analysis September 3 — 7, 2018 suggests an attempt to test the resistance area near the 350 level, from which it is expected to rebound and continue falling of the cryptocurrency in the area below the level of 165, an additional signal in favor of Ethereum decline will be a trend line test on the indicator of relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the area 430, in this case, we should expect the completion of a downward trend and continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
