Cryptocurrency Ethereum (ETH/USD) is trading at 115. 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 lower border of the Bollinger Bands indicator bands.
Ethereum (ETH/USD) forecast and analysis on December 29, 2018
As part of the Ethereum course forecast, a test level of 124 is expected. Where should we expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 100. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator strip at level 138.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area 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 the area of 145. This will indicate a change in the current trend in favor of the bullish on 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 for December 29, 2018 suggests a test level of 124. Further, the fall to below 100 is expected. The conservative area for selling Ethereum is located area of 138. Canceling the option of falling cryptocurrency will break the level of 145. In this case, we can expect continuation growth.