Cryptocurrency Ethereum (ETH/USD) is trading at 320.21. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 400.00 is expected, from which one should expect an attempt to continue the fall and further develop a downward trend with a target close to 200.00.
Ethereum (ETH/USD) weekly forecast on August 13 — 19, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 510.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the 600.00 area, which indicates a change in the trend in favor of the bullish for Ethereum. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
