Cryptocurrency Ethereum (ETH/USD) is trading at 816.88. 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 880.20 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 690.50.
Ethereum (ETH/USD) forecast and analysis on February 24, 2018
The conservative area for Ethereum sales is located near the middle border of the Bollinger Bands indicator bars at 900.20. 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 strip, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 950.20, 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 indices of the Bollinger Bands, it is expected to accelerate the fall.