Ethereum Price Analysis 16th December

Ethereum Price Analysis 16th December

ETH/USD

The bulls couldn't exploit the recuperation from the lows on Dec. 12, which is a negative sign. It shows an absence of purchasers at more significant levels. The bears have by and by broken beneath the help at $143.259 and Ether (ETH) is probably going to plunge to the following help at $131.484.
The downsloping moving midpoints and the RSI near the oversold zone show that bears have the high ground. A break beneath $131.484 will be a tremendous negative as it will continue the downtrend.
On the other hand, if the ETH/USD pair pivots from the present levels or from $131.484 and transcends the $157.50, it will show quality. Up to that point, we propose brokers stay uninvolved.