Cryptocurrency Ethereum (ETH/USD) is trading at 345.19. Quotations of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Ethereum/Dollar. At the moment, the quotes are testing the upper boundary of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 328.50, where again we should expect an attempt to continue growth and further development of the upward trend in the pair Ethereum/Dollar near the level of 384.50.
Ethereum (ETH/USD) forecast and analysis on August 29, 2017
The conservative area for Ethereum/Dollar pair buying is near the lower boundary of the Bollinger Bands indicator strip at the level of 320.55. The abolition of the continuation of the growth of the ETH/USD pair will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a level of 55 and the closing of the pair quotes below the area of 304.70, indicating a change in the bearish trend for the Ethereum/Dollar. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate growth.