Ethereum is traded at 946. ETH/USD continue to move below the moving average level, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 1020 and continue to decline quotations Ethereum with a target below the level of 580.
ETH/USD forecast Ethereum on January 19, 2018
An additional signal in favor of the fall of Ethereum is 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 the quotations of ETH/USD will result in a strong growth and breakdown of the 1150 area, which will indicate the continued growth of the crypto currency. With the breakdown of the local minimum level and the closing of quotes below the area of 670, it is expected to accelerate the development of the bearish trend.
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