Cryptocurrency Ethereum (ETH/USD) is trading at 942.93. 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 are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 900.20 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 1060.50.
Ethereum (ETH/USD) forecast and analysis on February 17, 2018
The conservative buying area for Ethereum is located near the middle border of the Bollinger Bands indicator bars at 880.20. The abolition of the continuation of Ethereum growth will be the breakdown of the mid-range of the Bollinger Bands indicator bars, as well as the moving average with a period of 55, and the closing of the pair quotations below the 800.50 area, 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.