Cryptocurrency Ethereum (ETH/USD) is trading at 727.46. 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 middle border of the Bollinger Bands indicator bars. A test of level 760.00 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near level of 630.20.
Ethereum (ETH/USD) forecast and analysis on March 11, 2018
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands bars at 810.50 The abolition of the continuation of the ETH/USD fall 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 830.50 area, indicating a change in the bullish trend 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.