Cryptocurrency Ethereum (ETH/USD) is trading at 232.53. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A level test 225.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 255.20.
Ethereum (ETH/USD) forecast and analysis on October 2, 2018
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 218.00. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 200.00, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.