Ethereum ETH/USD is trading at 243.50. Quotes of the cryptocurrency will continue to move within the bearish channel, which implies a bearish trend in Ethereum and the continuation of the decline. It is worth waiting for an attempt to test the upper border of the channel, as well as the resistance level near the area of 250.
Technical analysis and Ethereum forecast on July 10, 2017
Again, we should expect the continuation of the decline of quotations ETH/USD in the area below the level of 210. In favor of the fall Ethereum will perform a tight test of the downward trendline on the indicator of relative strength index (RSI). The cancellation of the fall option will be a breakdown of the area of 270, which indicates the continued growth.
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