Cryptocurrency Ethereum (ETH/USD) is trading at 681.41. 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 the level of 700.20 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 610.20.
Ethereum (ETH/USD) forecast and analysis on May 14, 2018
The conservative sales area for Ethereum is located near the middle border of the Bollinger Bands strip at 710.00. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the middle range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 760.20, 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.
