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 $9 026 375 031. Moving averages indicate a bearish trend in Ethereum. At the moment, we should 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 level 70.
Ethereum forecast & technical analysis December 18, 2018
An additional signal in favor of ETH/USD quotes reduction is a test of the trend line on the relative strength (RSI). Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown of 100. 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 18, 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 below 70. An additional signal in favor of Ethereum reduction is a test of the trend line on relative strength (RSI). The breakdown of the option of falling digital currency will be the breakdown of the area 100. This will indicate continued growth with a potential target above level 135.
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