Cryptocurrency Ethereum (ETH/USD) is trading at 799.81. 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 test the upper boundary of the bands of the indicator Bollinger Bands. A test of level 770.10 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 920.40.
Ethereum (ETH/USD) forecast and analysis on January 3, 2018
The conservative area for buying is near the middle border of the Bollinger Bands indicator strip at the level of 700.50. The abolition of the continuation of Ethereum growth will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 650.50, 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.
