Cryptocurrency Ethereum (ETH/USD) is trading at 128. The cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Ethereum (ETH/USD) weekly forecast on December 24 — 30, 2018
As part of the Ethereum forecast, a test of level 145 is expected. Where should we expect an attempt to continue the fall of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 75. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at the level of 150.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area 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 160. 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 24 — 30, 2018 implies a test level of 145. Further, it is expected to continue falling to the region below 75. The conservative area for selling Ethereum is located area of 150. Cancellation of the fall of cryptocurrency will be a breakdown of the level 160. In this case, we can expect the continuation growth.