Cryptocurrency Ethereum (ETH/USD) is trading at 276.64. Quotes of the pair are traded below the moving average with a period of 55, indicating a bearish trend along the Ethereum/Dollar. At the moment, the quotes of the pair are testing the lower boundary of the bands of the Bollinger Bands indicator. An insignificant correction is expected near the level of 300.50, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 230.50.
Ethereum (ETH/USD) forecast and analysis on September 14, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 310.30. The abolition of the continuation of the fall of the Ethereum/Dollar pair will be a breakdown of the upper range 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 330.80, indicating a change in the trend in favor of the bullish on ETH/USD. 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.