Ethereum (ETH/USD) forecast and analysis on August 31, 2017

Cryptocurrency Ethereum (ETH/USD) is trading at 372.51. 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, quotes are testing the upper boundary of the bands of the Bollinger Bands indicator. An insignificant correction is expected near the level of 350.60, where again we should expect an attempt to continue growth and further development of the upward trend for the pair Ethereum/Dollar near the level of 417.50.

Ethereum (ETH/USD) forecast and analysis on August 31, 2017

Ethereum (ETH/USD) forecast and analysis on August 31, 2017

The conservative area for Ethereum/Dollar pair buying is near the lower boundary of the bands of the indicator Bollinger Bands at the level of 318.80. 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 the level of 55 and the closing of the quotations of the pair below the area of ​​300.50, indicating a change in the bearish trend for the Ethereum/Dollar. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.


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