Cryptocurrency Ethereum (ETH/USD) is trading at 733.98. 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 750.20 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near level of 660.20.
Ethereum (ETH/USD) forecast and analysis on May 12, 2018
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands bars at 770.50. The abolition of the option of continuing the fall of Ethereum will be a breakdown of the upper border of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 800.50, indicating a change in the bullish trend for ETH/USD. 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.
