Ethereum (ETH/USD) forecast and analysis on October 2, 2017

Cryptocurrency Ethereum (ETH/USD) is trading at 281.08. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend in Ethereum. Currently, the Crypto currency quotes are testing the lower boundary of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 290.50, 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 240.50.

Ethereum (ETH/USD) forecast and analysis on October 2, 2017

Ethereum (ETH/USD) forecast and analysis on October 2, 2017

The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator strip at 310.70. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper 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 ​​320.50, indicating a change in the trend in favor of the bullish trend 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.


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