Ethereum ETH/USD ends the trading week at 142.23 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 265.05.
Ethereum Forecast and Analysis December 16 — 20, 2019
An additional signal in favor of raising the ETH/USD quotes for the current trading week December 16 — 20, 2019 will be a test of the rising support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the growth option will be a fall and a breakdown of the level of 80.05. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 60.55. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above the level of 195.05.
Ethereum Forecast and Analysis December 16 — 20, 2019 implies an attempt to test the support area near the level of 125.05. Where can we expect a rebound and continued growth of the cryptocurrency in the region below the level of 265.05. An additional signal in favor of the rise in the Ethereum course will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 80.05 area. In this case, we should expect continued decline with the target below 60.55.
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