Cryptocurrency Ethereum (ETH/USD) is trading at 530.35. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 550.00 is expected, from which it is expected to try to continue the fall and further develop the downward trend with the target near the level of 490.00.
Ethereum (ETH/USD) forecast and analysis on June 13, 2018
The conservative sales area for Ethereum is located near the middle border of the Bollinger Bands strip at 560.50. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the mid-range of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 610.00, 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 indices of the Bollinger Bands, it is expected to accelerate the fall.