Cryptocurrency Ethereum (ETH/USD) is trading at 344.29. 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 362.50, 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 300.50.
Ethereum (ETH/USD) forecast and analysis on September 5, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 406.50. The abolition of the continuation of the fall of the Ethereum/Dollar pair will be a breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 425.50, 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.