Cryptocurrency Ethereum (ETH/USD) is trading at 841.46. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of level 860.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 770.50.
Ethereum (ETH/USD) forecast and analysis on March 5, 2018
The conservative area for Ethereum sales is located at the upper boundary of the Bollinger Bands indicator bars at 880.20. The abolition of the continuation of the fall of the ETH/USD pair 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 quotations above the 910.50 area, 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 bands of the Bollinger Bands indicator, it is expected to accelerate the fall.