Ethereum within a bearish pattern – Analysis - 17-12-2018

Ethereum price’s recent trades are confined within descending triangle that appears on the chart, and the EMA50 provides continuous negative pressure against the price, while stochastic shows negative signals that we are waiting to motivate the price to break the mentioned triangle’s support at 83.20 to reinforce the expectations of continuing the bearish trend in the upcoming period.

Therefore, the bearish trend scenario will remain dominant conditioned by the price stability below 102.50, reminding you that the waited targets begin at 70.00 followed by 60.00.

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

Expected trend for today: Bearish