Ethereum is trying to recover after a selloff on Thu, Dec 6, trading at around $104.02, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On H1, the price has hit the latest local support at $98.04, which could be a signal to an uptrend. In the short term, the Stochastic has been converging, so a pullback and then a return to the previous channel is quite possible. This way, the price may well correct to $106.32 and $110.00. In the midterm, meanwhile, a downtrend is possible, with the target at the projection support near $84.93. The current Ether price is not just as per its blockchain value, says Joseph ... (full story)