Cryptocurrency Ethereum (ETH/USD) is trading at 346.02. Cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 330.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target close to the level of 370.50.
Ethereum (ETH/USD) forecast and analysis on October 17, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at the level of 307.60. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the quotes of the pair below the area of 298.50, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.