There is a high chance of lowering the price of Ethereum against the dollar to $106,00 in the course of trading on bitcoin 1 Dec.
The four-hour chart the ETH/USD
After a breakout bears support prices Ethereum at $116,50 in the current session, the fall, the bulls stopped the counter volume purchase only above the level of correction rates of 9.0% Fibo from the $109,50.
Currently the session low prices were recorded at $110,40, and a pair of ETH/USD is quoted at $112,70.
Scriptactive is decreasing dynamic resistance level on the line EMA14 with a value of $114,48, after a failed attempt of the bulls to overcome resistance, which in turn indicates weak support for the market.
Weak from a technical point of view the position of the customers indicate the relative strength index RSI7. The values in sales and pressure trend indicator EMA14.
There is a high probability of a successful bearish breakout of the support level of $109,50 with a subsequent decrease in quotations of the Ethereum at least to the level price of $106,00 in the course of trading on scriptactive 1 Dec.