Cryptocurrency Ethereum (ETH/USD) is trading at 214.93. 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 of 230.00 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 180.00.
Ethereum (ETH/USD) forecast and analysis on September 17, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 230.50. 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.