Ethereum ETH/USD are traded at 365 and continue to move within the limits of the decline. At this point, we should expect an attempt to test the resistance level near the area of 375. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below the level of 320.
Ethereum (ETH/USD) technical analysis August 10, 2018
In favor of falling quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of the cryptocurrency will be a strong growth and breakdown of the level of 400, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD above the level of 455. With the breakdown of the support area and the closing of quotes below the level of 335, one should expect confirmation of the development of the downward trend in Ethereum.
Ethereum (ETH/USD) technical analysis August 10, 2018 suggests an attempt to test the resistance area near the level of 375, from which it is expected to rebound and continue the decline of the ETH/USD cryptocurrency in the area below the level of 320, an additional signal in favor of the Ethereum fall will be a trend line test on indicator of relative strength index (RSI).