ETH/USD are trading at 145.23 and continue to move as part of a slight increase. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $16 053 204 670. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to drop the value of the coin and test the support level near the area of 138.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 160.05.
Ethereum Forecast and ETH/USD Analysis December 11, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 130.05. This will indicate a breakdown of the support area and the continuation of the fall of ETH/USD quotes below 115.05. With the breakdown of the resistance area and the closing of quotes above the level of 152.05, we should expect confirmation of the development of growth for Ethereum.
Ethereum Forecast and ETH/USD Analysis December 11, 2019 implies an attempt to correct and test the support area near the level of 138.55. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency in the region above the level of 160.05. An additional signal in favor of the rise in Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the digital currency growth option will be a breakdown of the 130.05 area. Which will indicate a continued fall with a potential target below the level of 115.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link