Ethereum ETH/USD are trading at 107 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $11 297 357 513. At the moment, we can expect an attempt to correct and test the resistance level near the region of 115. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 75.
Ethereum forecast & technical analysis December 4, 2018
An additional signal in favor of ETH/USD quotes reduction is a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown of 125. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 155. With the breakdown of the support area and the closure of quotes below 95, we should expect an acceleration of downward movement in Ethereum.
Ethereum forecast & technical analysis December 4, 2018 suggests an attempt to test the resistance area near the level of 115. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 75. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). The breakdown of the digital currency will be canceled by the area 125 breakdown. This will indicate continued growth with a potential target above the 155 level.
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