Ethereum ETH/USD ends the trading week at the level of 115 and continues to move as part of a downward correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and test the lower boundary of the ascending channel near the area of 155. Where once again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 165.
Ethereum forecast December 31 — January 4, 2019
In favor of the growth of ETH/USD quotes on the current trading week December 31 — January 4, 2019 will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of level 85. This will indicate a breakdown of the lower boundary of the channel and a continued decline in ETH/USD with a potential target below level 55. Confirmation of the growth of cryptocurrency Ethereum will break down the lower limit of the downward channel and close quotes above 175.
Ethereum forecast December 31 — January 4, 2019 suggests an attempt to test the support area near the level of 155. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 165. An additional signal in favor of Ethereum growth will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 55. In this case, we should expect a further decline.