Ethereum (ETH/USD) forecast and analysis on September 12, 2018

Cryptocurrency Ethereum (ETH/USD) is trading at 196.49. 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 level test 220.00 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 155.00.

Ethereum (ETH/USD) forecast and analysis on September 12, 2018

Ethereum (ETH/USD) forecast and analysis on September 12, 2018

The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands strip at 220.50. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the 250.00 area, which indicates 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.

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