Ethereum ETH/USD are trading at 84 and continue to move within the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 972 352 634. 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 55.
Ethereum forecast & technical analysis December 17, 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 descending channel. Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown level of 105. This will indicate a breakdown of the resistance area and continued growth in ETH/USD quotes above 135. With the breakdown of the support area and the closure of quotes below 80, expect the acceleration of the downward movement in Ethereum.
Ethereum forecast & technical analysis December 17, 2018 suggests an attempt to test the resistance area near the 95 level. Where can we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below the level of 55. An additional signal in favor of Ethereum reduction will be a test of the trend line on the relative strength index (RSI).Cancellation of the option of falling digital currency will be a breakdown of the area 105. That would indicate continued growth with a potential target above level 135.
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