Ethereum ETH/USD are trading at 130 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $13 948 505 076. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we should expect an attempt to decline 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 170.
Ethereum forecast & technical analysis December 27, 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 the quotes above 155, we can expect an acceleration of the upward movement on Ethereum.
Ethereum forecast & technical analysis December 27, 2018 implies 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 170. An additional signal in favor of Ethereum growth will be a test of the 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
