Cryptocurrency Ethereum (ETH/USD) is trading at 112. 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 22, 2018
As part of the Ethereum course forecast, a test of level 108 is expected. Where should we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 123. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 88.
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 the closing of quotations of the pair below area 85. This will indicate a change in the current trend in favor of a bearish ETH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Ethereum ETH/USD forecast for December 22, 2018 implies a test level of 108. Further, growth is continued to the region above the level of 123. The conservative area for buying Ethereum is located area of 88. Cancellation of the growth option of the cryptocurrency will be a breakdown of the level of 85. In this case, we should expect further decline.