Ethereum (ETH/USD) forecast and analysis on September 18, 2017

Cryptocurrency Ethereum (ETH/USD) is trading at 232.56. 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 moving near the lower border of the bands of the Bollinger Bands indicator. An insignificant correction is expected near the level of 260.50, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 200.50.

Ethereum (ETH/USD) forecast and analysis on September 18, 2017

Ethereum (ETH/USD) forecast and analysis on September 18, 2017

The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 325.50. 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 350.50 area, indicating a change in the bullish trend for 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.


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