Ethereum ETH/USD are trading at 85 and continue to move within the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $9 345 933 183. Moving averages indicate a downward trend in Ethereum. At the moment, we should 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 the rate of Ethereum with a potential target below level 60.
Ethereum forecast & technical analysis December 13, 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 80, expect the acceleration of downward movement in Ethereum.
Ethereum forecast & technical analysis December 13, 2018 implies 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 below 60. 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 135.
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