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ETH/USD: technical analysis course December 17-18 2018

Bulls in the market Ethereum consolidate volumes for attempts breakdown of sales resistance at the psychological price level of $100.00 per coin, ETH.

The four-hour chart the ETH/USD

The current trading week for four-hour chart of BTC/USD is calculated the key levels of support and resistance.:

  • the level of short-term reversal – $86,30;
  • support levels– $81,00/$77,70/$72,30;
  • resistance levels– $91,70/$95,00/$100,30.

At the time of the market review pair of ETH/USD is trading at $95,08 with lower quotations from a session high price of $96,74.

17 декабря ETHUSD H4
17 Dec ETHUSD H4

Given the significant increase in open long positions on Ethereum on the background of reducing the volume of short positions, there is a possibility that the bulls will fix the price of Ethereum above the key level of $95,00.

In that case, if the sellers will break the support price at the indicated level, we should expect its reduction in the range of the correction model the short-term uptrend in the range of $93,00-91,70.


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