Cryptocurrency Ethereum (ETH/USD) is trading at 427.71. 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 lower border of the bands of the Bollinger Bands indicator. A test of level 439.60 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 380.50.
Ethereum (ETH/USD) forecast and analysis on December 2, 2017
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands strip at the level of 500.60. The abolition of the continuation of the fall of the pair ETH/USD will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 510.80, 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.
