Cryptocurrency Ethereum (ETH/USD) is trading at 437.53. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend in Ethereum. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of level 457.50 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 398.20.
Ethereum (ETH/USD) forecast and analysis on July 14, 2018
The conservative area for Ethereum sales is located at the upper border of the Bollinger Bands indicator strip at 460.20. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55, and the closing of quotations of the pair above the 480.50 area, 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.