Cryptocurrency Ethereum (ETH/USD) is trading at 133. 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 middle border of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on December 27, 2018
As part of the Ethereum course forecast, a test of level 123 is expected. Where can 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 155. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 115.
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 the area of 100. 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 27, 2018 implies a test level of 123. Further growth continues to continue to the region above the level of 155. The conservative area for buying Ethereum is located area of 115. Canceling the level of cryptocurrency growth will be a breakdown of the level of 100. In this case, we can expect further the fall.