Cryptocurrency Ethereum (ETH/USD) is trading at 201.59. Cryptocurrency quotes are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator. The test is expected to level 235.00, from which one can expect an attempt to continue the fall and further develop the downward trend with a goal near the level of 130.20.
Ethereum (ETH/USD) weekly forecast on October 29 — November 4, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 240.00. Cancellation of the option to continue falling 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 260.00, which will indicate a change in trend in favor of the bullish for Ethereum. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.