Bears consolidate large volumes for sale. Before the close of trading on the Ethereum 19 Dec sellers will attempt the breakdown of the support price level of $101,70.
The four-hour chart the ETH/USD
At the end of the session on 19 December, the Ethereum the dollar traded at $103,30. Daily maximum prices were recorded at $107,88 from which a pair of ETH/USD started a correction.
It is expected that by the end of the day buyers will hold positions above the support level of $101,70 the level of the price adjustment of 14.8%.
In the case of a breakthrough marked level of support price reduction Ethereum can reach values in the range of $99.00-97,00.
Currently, the situational advantage is still for the buyers, as indicated by the data indicator RSI7. The RSI line is supported by the moving average EMA14 and retains a tendency to turn upward. Her cross-down line EMA14 will give a signal about the strengthening of the bearish pressure with attempt to break the support price at $100,70.