Ethereum ETH/USD are trading at 85 and continue to move within the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $9 153 879 294. 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 of the Ethereum rate with a potential target below 55.
Ethereum forecast & technical analysis December 12, 2018
An additional signal in favor of ETH/USD quotes reduction is a test of the trend line on the relative strength index (RSI). As well as a rebound from the upper limit of the bearish channel. Cancellation of the cryptocurrency decline option 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 135. With the breakdown of the support area and the closure of quotes below 75, one should expect an acceleration of downward movement in Ethereum.
Ethereum forecast & technical analysis December 12, 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 55. An additional signal in favor of Ethereum reduction will be a test 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 135.
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