Ethereum (ETH/USD) technical analysis August 9, 2018


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Ethereum ETH/USD are traded at the level of 359 and continue to move within the limits of the decline. At this point, we should expect a test of the resistance level near the area of ​​380. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 335.

Ethereum (ETH/USD) technical analysis August 9, 2018

In favor of falling quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the variant of the fall of the crypto currency will be a strong growth and breakdown of the level 405, 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 quotations below 345, it is necessary to confirm the development of a bearish trend in Ethereum.

Ethereum (ETH/USD) technical analysis August 9, 2018

Ethereum (ETH/USD) technical analysis August 9, 2018 suggests an attempt to test the resistance area near the level of 380, from which it is expected to rebound and continue the decline of the ETH/USD cryptocurrency in the area below the level of 335, an additional signal in favor of the Ethereum fall will test the trend line on the indicator of relative strength index (RSI).


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