Ethereum ETH/USD is trading at 236.26. Quotes of the cryptocurrency were able to break through an important support area at the level of 275, which is resistance. An attempt is expected to test the upper boundary of the downlink at level 270, where again we should expect the continuation of the decline of the Ethereum cryptocurrency quotations in the area below the level of 205.
Ethereum forecast & technical analysis on June 28, 2017
In favor of falling quotations, a tight test of the resistance line will appear on the indicator of relative strength index (RSI). The abolition of the reduction option will be the strong growth of Ethereum in the area above the 310 level, which will indicate the breakdown of the upper border of the channel and the continuation of growth in the area above the level of 355. With the breakdown of level 200, we expect an acceleration in the decline of quotations ETH/USD.
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