Ethereum touches the target – Analysis - 28-12-2018

Ethereum price succeeded to achieve our waited target at 116.50 and settles there, noting that the price move below the EMA50 forms negative pressure that we expect to push the price to break the mentioned level and open the way to achieve more negative targets, which reach 100.00 as a next station.

Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 137.24 level and holding above it.

Expected trading range for today is between 100.00 support and 130.00 resistance

Expected trend for today: Bearish