Cryptocurrency Ethereum (ETH/USD) is trading at 261. 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 stripes.
Ethereum (ETH/USD) forecast and analysis on February 21, 2020
As part of the Ethereum forecast, a test of the level of 255 is expected. Where should we 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 295. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at 243.
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 the moving average with a period of 55 and the closing of quotations of the pair below the area of 235. This will indicate a change in the current trend in favor of the bearish for ETH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ethereum (ETH/USD) forecast and analysis on February 21, 2020 implies a test level of 255. Further growth is expected to continue to the area above the level of 295. The conservative buying area is located near the area of 243. The breakdown of the cryptocurrency growth option will be the breakdown of the level of 235. In this case, we should expect further fall.
