Cryptocurrency Ethereum (ETH/USD) is trading at 151. 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.
Ethereum (ETH/USD) weekly forecast on January 7 — 13, 2019
As part of the Ethereum course forecast, a test of level 138 is expected. From where we can expect an attempt to continue ETH/USD growth and further development of the upward trend. The purpose of this movement is the area near the level of 195. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 100.
Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of 90. This will indicate a change in the current trend in favor of a bearish ETH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum (ETH/USD) weekly forecast on January 7 — 13, 2019 implies a test level of 138. Further growth is expected to continue to the area above level 195. The conservative area for buying Ethereum is located area of 100. The cancellation of the growth option of cryptocurrency will be a breakdown of level 90. In this case, we can expect further decline.