Cryptocurrency Ethereum (ETH/USD) is trading at 802.91. 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 the level of 870.50 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 650.20.
Ethereum (ETH/USD) forecast and analysis on February 12, 2018
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands strip at 900.20. The abolition of the continuation of the fall of the ETH/USD pair 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 quotes above the 950.50 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.