Cryptocurrency Ethereum (ETH/USD) is trading at 95. The 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 lower border of the Bollinger Bands indicator bands.
Ethereum (ETH/USD) weekly forecast on December 10 — 16, 2018
As part of the Ethereum course forecast, a test of level 135 is expected. Where should we expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 50. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator strip at level 140.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 175. This will indicate a change in the current trend in favor of the bullish ETH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum (ETH/USD) weekly forecast on December 10 — 16, 2018 suggests a test level of 135. Further, it is expected to continue falling to the region below the level of 50. The conservative area for selling Ethereum is located area of 140. The cancellation of the variant of cryptocurrency decline will be a breakdown of the level of 175. In this case, we can expect continued growth.