Ethereum ETH/USD are traded at 755 and continue to move within the bullish channel. At this point, we should expect a downgrade attempt and a support level test near the 710 area. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above the 850 level. In favor of the growth of the ETH/USD quotations, a support line test will be performed on the relative strength index (RSI).
Ethereum ETH/USD forecast on December 21, 2017
Cancellation of the growth option will be the breakdown of the support area and the closure below 650, which will indicate the outflow of quotes out of the channel and the continuation of the fall of ETH/USD. Expect the acceleration of growth is with the breakdown of the upper boundary of the channel and closing above the level of 900.
Ethereum ETH/USD forecast on December 21, 2017 assumes a test of the support area near the 710 level, from which it is expected to rebound and continue to rise above 850, an additional signal for Ethereum growth will be a support line test on the relative strength index (RSI).
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