Cryptocurrency Ethereum (ETH/USD) is trading at 605.26. 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 middle border of the Bollinger Bands indicator bars. A test of level 625.00 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 540.20.
Ethereum (ETH/USD) forecast and analysis on May 26, 2018
The conservative sales area for Ethereum is located near the middle border of the Bollinger Bands bars at 625.50. The abolition of the continuation of the fall of the ETH/USD pair will be a breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of quotations of the pair above the area of 680.50, 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.