Cryptocurrency Ethereum (ETH/USD) is trading at 169. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ethereum. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the Ethereum course forecast, a test of level 175 is expected. From where we can expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 152. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator strip at level 180.
Ethereum (ETH/USD) forecast and analysis on November 20, 2018
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 190. This will indicate a change in the current trend in favor of the bullish ETH/USD. In case of a breakdown of the lower 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 November 20, 2018 implies a test of level 175. Further, it is expected to continue falling to the area below the level 152. The conservative sales zone is near the area 180. Canceling the option of falling cryptocurrency will result in a level 190. In this case one should expect continued growth.
