Cryptocurrency Ethereum (ETH/USD) is trading at 533.36. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency test the upper boundary of the bands of the indicator Bollinger Bands. A test of the level of 516.80 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the aim near the level of 565.70.
Ethereum (ETH/USD) forecast and analysis on December 13, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at the level of 427.40. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the quotes of the pair below the area of 417.50, indicating a change in the bearish trend for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.