Cryptocurrency Ethereum (ETH/USD) is trading at 1163. 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 bands.
Ethereum (ETH/USD) forecast on January 11 — 17, 2021
As part of the Ethereum course forecast, a test of level 1080 is expected. Where can we expect an attempt to continue the growth of ETH/USD and further develop the upward trend. The purpose of this movement is the area near the level of 1420. The conservative buying area for Ethereum is located near the lower border of the Bollinger Bands indicator bars at 400.
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 bars. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 395 area. This will indicate a change in the current trend in favor of the bearish for ETH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of the cryptocurrency.
Ethereum (ETH/USD) forecast on January 11 — 17, 2021 implies a test level of 1080. Further growth is expected to continue to the area above level 1420. The conservative buying area is located near area 400. The breakdown of the growth option for cryptocurrency will be the breakdown of level 395. In this case, we should expect continued decline.
