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Ethereum forecast ETH/USD for tomorrow 12/28/2020, analytics and trading signals

Cryptocurrency quotes are in the upper border of the ascending channel, with a strong resistance level of 715.

Ethereum ETH / USD is trading above the Ichimoku Kinko Hyo cloud, respectively, the trend on the ETH / USD chart is upward.

Signal lines of the Ichimoku indicator (red and blue) are also directed upwards. Three days ago, the blue fast signal line crossed the red slow line from the bottom up, which indicates the development of an uptrend in Ethereum.

Support levels on the ETH / USD chart are 770 and 635. Resistance level is 715.

Ethereum forecast ETH/USD for tomorrow

We assume the possibility of correcting the rate of the ETH / USD cryptocurrency to support levels, with a subsequent upward trend to the price of $ 800. Cancellation of the forecast will be breaking through the resistance level and fixing the Ethereum rate above 715. The next resistance level is 790.

Thus, the Ethereum forecast for December 28, 2020 assumes a continuation of the upward movement within the current trend, with possible testing of support levels. The medium-term goal of Ethereum is the growth of the ETH / USD rate to the price of $ 790.


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