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 January 1, 2019
As part of the Ethereum course forecast, a test of level 129 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 158. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 118.
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 110. This will indicate a change in the current trend in favor of a bearish 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 and analysis on January 1, 2019 suggests a test level of 129. Further growth is expected to continue to the area above the level of 158. The conservative area for buying Ethereum is located area of 118. Canceling the growth option of the cryptocurrency will be a breakdown of 110. In this case, we can expect continuation the fall.