Ethereum ETH/USD ends the trading week at the level of 198 and continues to move within the bearish trend. At the moment, we should expect an attempt to test the lower boundary of the channel near the area of 145. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 300.
Ethereum weekly forecast October 29 — November 2, 2018
In favor of the growth of ETH/USD quotes on the current trading week, October 29 — November 2, 2018, there will be a rebound from the lower boundary of the downward channel, as well as a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of level 100, which will indicate a breakdown of the channel boundary and a continued decline in ETH/USD with a potential target below level 35. Confirmation of the growth of cryptocurrency Ethereum will break down the resistance area and close the quotes above 245.
Ethereum weekly forecast October 29 — November 2, 2018 involves an attempt to test the support area near the level of 145, from which one should expect a rebound and continued growth of cryptocurrency in the region above the level of 300, a test of trend line on the indicator of relative strength index (RSI) will be an additional signal in favor of Ethereum growth, the cancellation of the growth option will be the fall and the breakdown of the region 100, in this case we should expect a further decline.