Cryptocurrency Ethereum (ETH/USD) is trading at 91. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on December 11, 2018
As part of the Ethereum course forecast, a test of level 98 is expected. Where should we expect an attempt to continue the decline of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near level 76. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at level 100.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above 110. This will indicate a change in the current trend in favor of the bullish ETH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum (ETH/USD) forecast and analysis on December 11, 2018 implies a test level of 98. Further, it is expected to continue falling to the area below level 76. The conservative area for selling Ethereum is located area of 100. Canceling the option of falling cryptocurrency will break the level of 110. In this case, we can expect continuation growth.