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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.

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