Ethereum ETH/USD ends the trading week at 112 and continues to move as part of an upward correction. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the upper bearish channel boundary near the region 155. Where once again we should expect a rebound and the continuation of the decline in the rate of Ethereum with a potential target below level 60.
Ethereum weekly forecast December 24 — 28, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the drop in ETH/USD quotes on the current trading week December 24 — 28, 2018. Cancellation of the reduction option will be a strong growth and a breakdown of the level of 205. This will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential higher below 265. A confirmation of the fall of the cryptocurrency Ethereum will be a breakdown of the support area and closing of quotes below 85.
Ethereum weekly forecast December 24 — 28, 2018 suggests an attempt to test the resistance area near the level of 155. Where should we expect a rebound and continued cryptocurrency decline to an area above the level of 60. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area 205. In this case, we should expect continued growth.
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