Cryptocurrency Ethereum (ETH/USD) is trading at 863.85. 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 875.20 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 820.00.
Ethereum (ETH/USD) forecast and analysis on March 6, 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 boundary area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 900.50, 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.