Ethereum ETH/USD are trading at 120 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $13 031 135 479. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt to decline and a test of the support level near the region of 115. 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 28, 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). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 100. This will indicate a breakdown of the support area and the continuation of ETH/USD quotes falling below 80. With the breakdown of the resistance area and the closure of quotes above 140, we should expect the upward movement of Ethereum to accelerate.
Ethereum forecast & technical analysis December 28, 2018 suggests an attempt to test the support area near the level of 115. 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 is a test of the trend line on relative strength index (RSI). The cancellation of the option of growth of the digital currency will be made by the breakdown of the area 100. This will indicate a continuation of the fall with a potential target below level 80.
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