Cryptocurrency Ethereum (ETH/USD) is trading at 295.09. 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 the level of 300.50 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 275.50.
Ethereum (ETH/USD) forecast and analysis on October 30, 2017
The conservative sales area for Ethereum is near the upper boundary of the Bollinger Bands indicator strip at 307.40. The abolition of the continuation of the fall of the ETH/USD pair will be a breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 315.10, 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 bands of the Bollinger Bands indicator, it is expected to accelerate the fall.