ETH/USD are trading at 142.02 and continue to move as part of the fall and the formation of the «Double Bottom» reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $15 780 371 724. 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 125.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175.05.
Ethereum Forecast and ETH/USD Analysis December 13, 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 13, 2019 implies an attempt to correct and test the support area near the level of 125.55. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 175.05. 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.
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