Ethereum ETH/USD ends the trading week at 122 and continues to move as part of the fall. Moving averages indicate a downward trend. At the moment, we should expect an attempt to test the upper descending channel boundary near area 135. Where again we should expect a rebound and a further decline in the rate of Ethereum with a potential target below level 65.
Ethereum weekly forecast December 3 — 7, 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 of December 3 — 7, 2018. Cancellation of the reduction option will be a strong growth and a breakdown of the level of 175. This will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential target below level 50. Confirmation of the fall of the cryptocurrency Ethereum will break the support area and close the quotes below level 85.
Ethereum weekly forecast December 3 — 7, 2018 involves an attempt to test the resistance area near the level of 135. Where should we expect a rebound and continued cryptocurrency decline in the area above 65. 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 175. In this case, we should expect continued growth.