Cryptocurrency Ethereum (ETH/USD) is trading at 864.21. 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 cryptocurrency quotes test the average border of the Bollinger Bands indicator bars. A test of level 850.10 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 930.50.
Ethereum (ETH/USD) forecast and analysis on March 4, 2018
The conservative buying area for Ethereum is located near the lower border of the Bollinger Bands indicator bars at 840.00. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 810.50, 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.