Ethereum ETH/USD are trading at 109 and continue to move within the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $11 542 053 643. 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 of the Ethereum rate with a potential target below 90.
Ethereum forecast & technical analysis December 5, 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 option to reduce cryptocurrency will be a strong growth and a breakdown of 120. This will indicate a breakdown of the resistance area and continued growth in ETH/USD quotes above 155. With the breakdown of the support area and the closure of quotes below 100, we should expect the downward movement development along Ethereum to accelerate.
Ethereum forecast & technical analysis December 5, 2018 implies 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 90. An additional signal in favor of Ethereum reduction will be a test trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 120. This will indicate continued growth with a potential target above the level of 155.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
