Cryptocurrency Ethereum (ETH/USD) is trading at 121. 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 middle border of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on February 17, 2019
As part of the Ethereum course forecast, a test of level 119 is expected. From where we can expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 129. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 117.
Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of 114. This will indicate a change in the current trend in favor of a bearish for ETH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Ethereum (ETH/USD) forecast and analysis on February 17, 2019 implies a test level of 119. Further growth is expected to continue to the area above the level of 129. The conservative area for buying Ethereum is located area of 117. Cancellation of the growth option of the cryptocurrency will be a breakdown of the level of 114. In this case, we can expect continuation the fall.
