Cryptocurrency Ethereum (ETH/USD) is trading at 284.51. 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 lower border of the bands of the Bollinger Bands indicator. A test of the level of 290.00 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near level 268.20.
Ethereum (ETH/USD) forecast and analysis on September 6, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 298.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above 310.00, 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.