Cryptocurrency Ethereum (ETH/USD) is trading at 221.78. 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. A test of the level of 250.00 is expected, from which one can expect an attempt to continue the fall and further develop the downward trend with a target near the level of 155.00.
Ethereum (ETH/USD) weekly forecast on October 8 — 14, 2018
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator bars at 260.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the 300.00 area, which indicates 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.