Cryptocurrency Ethereum (ETH/USD) is trading at 140. 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 April 1 — 7, 2019
As part of the Ethereum course forecast, a test of level 135 is expected. Where should we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 168. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 130.
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 closing of quotations of the pair below the area of 120. This will indicate a change in the current trend in favor of a bearish for ETH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Ethereum (ETH/USD) weekly forecast on April 1 — 7, 2019 suggests a test level of 135. Further, growth continues to continue to the area above the level of 168. The conservative area for buying Ethereum is located area of 130. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 120. In this case, we can expect continuation the fall.
