Ethereum ETH/USD traded at 784 and continue to move within the rising channel. At this point, we should expect a downgrade attempt and a support level test near the 750 area. Again, we should expect a rebound and the continued growth of the Ethereum rate with a target above the level of 890. In favor of the growth of the ETH/USD quotes, a support line test will be performed on the relative strength index (RSI).
Ethereum ETH/USD forecast on December 22, 2017
Cancellation of the growth option will be the breakdown of the support area and the closure below 670, 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 22, 2017 assumes an attempt to test the support area near the 750 level, from which it is expected to rebound and continue to rise above 890, an additional signal for the growth of Ethereum will be a test of the support line on the indicator of relative strength index (RSI).
