Ethereum ETH/USD is traded at the level of 332. Cryptocurrency is traded above the moving average with a period of 195, which indicates the existence of a bullish trend for Ethereum. A 324 level test is expected, from which it is expected to continue growth with a potential target near the 360 area. A strong signal in favor of the growth of the ETH/USD cryptocurrency will be a test of the lower border of the uplink, as well as a test of the support line on the indicator of relative strength index (RSI).
Ethereum forecast & technical analysis on October 17, 2017
The cancellation of the variant of growth of quotations of ETH/USD will be the fall and breakdown of area 314, which will indicate the potential continuation of the decline and development of the bearish trend. With the breakdown of the upper border of the channel and the closing of quotes above the level of 385, it is expected to accelerate the growth of the cryptocurrency.
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