Ethereum ETH/USD are trading at the level of 89 and continue to move within the descending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $9 451 789 922. At the moment, we can expect an attempt to correct and test the resistance level near area 95. Where again we should expect a rebound and the continuation of the fall in Ethereum with a potential target below 55.
Ethereum forecast & technical analysis December 11, 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 option to reduce cryptocurrency will be a strong growth and a breakdown of 110. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 130. With the breakdown of the support area and the closure of quotes below 70, we should expect the downward movement development along Ethereum to accelerate.
Ethereum forecast & technical analysis December 11, 2018 suggests an attempt to test the resistance area near the level of 95. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 55. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 110. That will indicate continued growth with a potential target above the level of 130.
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