Ethereum is traded at the level of 1120. Quotes ETH/USD continue to move below the level of moving averages, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 1210 and continue the decline in quotations Ethereum with a target below 960 level.
ETH/USD Ethereum forecast on January 17, 2018
An additional signal in favor of the fall of Ethereum will be the test of level 80 on the Stochastic indicator, which will form a strong signal for sell of the cryptocurrency in the direction of a short-term bearish trend.
The cancellation of the drop in ETH/USD quotations will result in strong growth and breakdown of the 1300 area, which will indicate the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotes below the area of 905, it is expected to accelerate the development of the bearish trend.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
