Ethereum ETH/USD closes the trading week at 151.28 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 the fall 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 the level of 280.05.
Ethereum Forecast and Analysis December 2 — 6, 2019
An additional signal in favor of raising the ETH/USD quotes for the current trading week December 2 — 6, 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. The cancellation of the growth option will be a fall and a breakdown of the level of 85.05. This will indicate a breakdown of the support area and a continued fall of ETH/USD with a potential target below 65.05. 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 210.05.
Ethereum Forecast and Analysis December 2 — 6, 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 280.05. 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 area of 85.05. In this case, we should expect continued decline with a target below the area of 65.05.