Cryptocurrency Ethereum (ETH/USD) is trading at 485.42. 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 middle border of the Bollinger Bands indicator bars. A test of level 520.50 is expected, from which one should expect an attempt to continue the fall and further develop a downward trend with a target near the level of 370.50.
Ethereum (ETH/USD) weekly forecast on July 9 — 15, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 530.20. The abolition of the continuation of the fall of the ETH/USD pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55, and the closing of quotes of the pair above the area of 600.50, indicating 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.