Cryptocurrency Ethereum (ETH/USD) is trading at 261.52. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend in Ethereum. Currently, the Cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 275.50, 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 25, 2017
The Conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands indicator strip at the level of 300.50. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as the moving average with a period of 55, and the closing of the pair quotes above 310.50, 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.