Cryptocurrency Ethereum (ETH/USD) is trading at 134. 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 31, 2018
As part of the Ethereum course forecast, a test of level 128 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 155. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 111.
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 100. This will indicate a change in the current trend in favor of a bearish for 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 31, 2018 suggests a test level of 128. Further growth continues to expect to be in the area above the level of 155. The conservative area for buying Ethereum is located area of 111. Canceling the level of cryptocurrency growth will be a breakdown of level 100. In this case, we should expect the continuation of the fall.
