Cryptocurrency Ethereum (ETH/USD) is trading at 93. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on December 19, 2018
As part of the Ethereum course forecast, a test of level 89 is expected. Where should we expect an attempt to continue ETH/USD growth and further development of the upward trend. The purpose of this movement is the area near the level of 102. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 77.
Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below area 75. This will indicate a change in the current trend in favor of a bearish ETH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum ETH/USD forecast for December 19, 2018 implies a test level of 89. Further growth is expected to continue to the area above level 102. The conservative area for buying Ethereum is located area of 77. Cancellation of the growth option of cryptocurrency will be a breakdown of level 75. In this case, we should expect the continuation of the fall.