Ethereum ETH/USD are trading at 101 and continue to move in the downstream channel. Cryptocurrency capitalization at the time of the publication of the forecast is $10 669 648 598. At the moment, we can expect an attempt to correct and test the resistance level near the region 103. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 85.
Ethereum forecast & technical analysis December 7, 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 110. This will indicate a breakdown of the resistance area and continued growth in ETH/USD quotes above 135. With the breakdown of the support area and the closure of quotes below 90, expect the acceleration of downward movement in Ethereum.
Ethereum forecast & technical analysis December 7, 2018 suggests an attempt to test the resistance area near the level of 103. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to an area below 85. An additional signal in favor of Ethereum’s decline is relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 110. That will indicate continued growth with a potential target above the level of 135.
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