Cryptocurrency Ethereum (ETH/USD) is trading at 854.55. Quotes of the cryptocurrency are traded below the moving average of 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 Bollinger Bands indicator bars. A test of level 920.50 is expected, from which one should expect an attempt to continue falling asleep and further development of a downward trend with a target near the level of 720.50.
Ethereum (ETH/USD) forecast and analysis on February 23, 2018
The conservative area for Ethereum sales is located near the middle border of the Bollinger Bands indicator bars at 950.20. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average of a period of 55 quotes above the area of 1050.20, which indicates a change in the trend in favor of the bullish for Ethereum. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator, it is expected to accelerate the fall.
