Ethereum ETH/USD is traded at the level of 174. Quotes of the cryptocurrency continue to move within the bearish channel, which implies a bearish trend for Ethereum and the continuation of the fall. It is worth waiting for an attempt to test the upper boundary of the channel at the level of 180.
Technical analysis & Ethereum forecast on July 18, 2017
Again, we can expect the continuation of the decline of quotations ETH/USD in the area below the level of 115. In favor of the fall of Ethereum is a tight test of the downward resistance line on the indicator of relative strength index (RSI). The abolition of the fall option will be the breakdown of area 195, which indicates the continued growth.
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