Ethereum ETH/USD are trading at 84 and continue to move within the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 876 571 938. At the moment, we can expect an attempt to correct and test the resistance level near the region of 90. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 65.
Ethereum forecast & technical analysis December 10, 2018
An additional signal in favor of ETH/USD quotes reduction is a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown of level 100. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 115. With the breakdown of the support area and closing of quotes below 75, we should expect the downward movement development along Ethereum to accelerate.
Ethereum forecast & technical analysis December 10, 2018 suggests an attempt to test the resistance area near the level of 90. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 65. An additional signal in favor of Ethereum reduction is a test of the trend line on relative strength index (RSI). The breakdown of the option of falling digital currency will be the breakdown of the area of 100. This will indicate continued growth with a potential target above the level of 115.
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