Cryptocurrency Ethereum (ETH/USD) is trading at 191. 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 October 31, 2019
As part of the Ethereum forecast, a test of level 187 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 203. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 176.
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 172. 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 October 31, 2019 implies a test level of 187. Further growth is expected to continue to the area above the level of 203. The conservative area for buying Ethereum is located area of 176. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 172. In this case, we should expect a further fall.
