By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, September 17th, the ETH cryptocurrency keeps growing, trading at $198.52. On D1, the Ethereum demonstrates a correctional uptrend upon reaching 76.0% Fibo and converging. After the correction, we should expect another wave of decline below $163.20, reaching the key level of $100.03. The MACD dynamics suggest the predominance of a downtrend. On H4, the cryptocurrency demonstrates a more detailed picture of an uptrend. Here, we can see the quotations reach the resistance line of the current channel, and the Stochastic enter the overbought area. All said above means the market may
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