Ethereum (ETH/USD) forecast and analysis on August 4, 2019

Cryptocurrency Ethereum (ETH/USD) is trading at 222. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.

Ethereum (ETH/USD) forecast and analysis on August 4, 2019

As part of the Ethereum exchange rate forecast, a test of level 216 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 246. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 210.

Ethereum (ETH/USD) forecast and analysis on August 4, 2019

Cancellation of the option to continue the growth of the Ethereum rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of ​​200. This will indicate a change in the current trend in favor of the bearish for 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 August 4, 2019 implies a test level of 216. Further growth is expected to continue to the area above the level of 246. The conservative area for buying Ethereum is located area of 210. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 200. In this case, we should expect a further fall.


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