Ethereum (ETH/USD) forecast and analysis on November 4, 2020

Cryptocurrency Ethereum (ETH/USD) is trading at 374. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bars.

Ethereum (ETH/USD) forecast and analysis on November 4, 2020

As part of the Ethereum forecast, a test of the level of 387 is expected. Where can we expect an attempt to continue the fall in ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 358. The conservative sales area for Ethereum is located near the upper border of the Bollinger Bands indicator bars at 398.

Ethereum (ETH/USD) forecast and analysis on November 4, 2020

Cancellation of the option to continue the decline in the Ethereum rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 410 area. This will indicate a change in the current trend in favor of the bullish for ETH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on November 4, 2020 implies a test level of 387. Further, the continuation of the fall to the area below the level of 358 is expected. The conservative sales area is near the area of ​​398. The cancellation of the option of falling cryptocurrency will be a breakdown of the level of 410. In this case, we should expect a continuation growth.


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