Ethereum ETH/USD are trading at 125 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $13 467 398 245. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near area 120. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175.
Ethereum forecast & technical analysis December 26, 2018
An additional signal in favor of the growth of ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of 110. This will indicate a breakdown of the support area and the continuation of the fall in ETH/USD quotes below 80. With the breakdown of the resistance area and the closure of quotes above 165, we can expect an acceleration of upward movement on Ethereum.
Ethereum forecast & technical analysis December 26, 2018 suggests an attempt to test the support area near the level of 120. Where should we expect a rebound and continued growth of ETH/USD cryptocurrency in the area above the level of 175. A further signal for the growth of Ethereum will be the test trend line on relative strength index (RSI). The breakdown of the digital currency growth option will be made by the breakdown of area 110. This will indicate a continuation of the fall with a potential target below level 80.
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