Cryptocurrency Ethereum (ETH/USD) is trading at 648.42. 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 lower border of the bands of the Bollinger Bands indicator. A test of level 670.20 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 570.50.
Ethereum (ETH/USD) forecast and analysis on May 13, 2018
The conservative sales area for Ethereum is located near the middle border of the Bollinger Bands strip at 720.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 760.50, 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 indices of the Bollinger Bands, it is expected to accelerate the fall.
