Cryptocurrency Ethereum (ETH/USD) is trading at 390.19. 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 upper border of the Bollinger Bands indicator bars. A test of level 410.10 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 320.00.
Ethereum (ETH/USD) forecast and analysis on April 9, 2018
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands bars at 410.20. 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 the pair quotations above the 440.50 area, 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.
