Cryptocurrency Ethereum (ETH/USD) is trading at 290.93. 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 cryptocurrency quotes test the average border of the Bollinger Bands indie bands. A test of level 297.80 is expected, 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 270.50.
Ethereum (ETH/USD) forecast and analysis on October 26, 2017
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator strip at 309.60. 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 315.50, indicating a change in the trend in favor of the 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.