Cryptocurrency Ethereum (ETH/USD) is trading at 438.08. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. At the moment, the quotes of the crypto currency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of level 458.20 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 390.50.
Ethereum (ETH/USD) forecast and analysis on July 12, 2018
The conservative area for Ethereum sales is located at the upper border of the Bollinger Bands indicator strip at 510.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 520.00, indicating a change in the trend in favor of the bullish for Ethereum. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.