Cryptocurrency Ethereum (ETH/USD) is trading at 146. 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 25, 2018
As part of the Ethereum course forecast, a test of level 136 is expected. From where we can expect an attempt to continue the growth of ETH/USD and further development of the upward trend. The purpose of this movement is the area near the level of 172. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 95.
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 the area of 90. 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 25, 2018 implies a test level of 136. Further, growth continues to continue to the area above the level of 172. The conservative area for buying Ethereum is located area of 95. Canceling the level of cryptocurrency growth will be a breakdown of the level of 90. In this case, we can expect continuation the fall.