Analysis Editor's Picks

ETH/USD: technical analysis course December 12-13, 2018

The pace of short-term growth rates Ethereum fell sharply on the local resistance level of $90,60. Expected rollback of quotations ETH/USD from a session’s high prices – $91,00.

The four-hour chart the ETH/USD

At the time of market analysis the Ethereum to the United States dollar is quoted at $89,80. During the current session a pair of ETH/USD showed a growth of 3.5%, and the maximum price of the cryptocurrency was recorded at $91,00.

The bears have formed a considerable resistance to the growth of quotations of the pair from the level of $90.60 and above which buyers are currently not able to overcome.

12 декабря ETHUSD H4
12 Dec ETHUSD H4

The price movement of Ethereum in the current four-hour period indicates a weakening of growth momentum. These technical indicators also confirm the weakening of the bulls.

It is assumed that current levels of quotations of ETH/USD next 24 hours will go down to the level of the local minima in the area of price of $85,00.


Related posts

The crypto currency exchange Bitfinex has launched the margin trading with Tether


Indian IT company Mahindra will use the Nexledger blockchain from Samsung


Facebook will hire 20 blockchain specialists