Ethereum price suffers sharp losses – Analysis - 07-12-2018

Ethereum price provided strong negative trades to surpass our waited targets at 100.00 followed by 90.00 and settles below the last one, which opens the way to extend the bearish wave on the short term basis, expecting to head towards areas that reach 60.00 in the upcoming period.

Therefore, the bearish trend will remain valid on the intraday and short term basis unless breaching 101.00 level and holding above it.

Expected trading range for today is between 70.00 support and 95.00 resistance

Expected trend for today: Bearish