Cryptocurrency Ethereum (ETH/USD) is trading at 286.29. 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 305.80, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 230.20.
Ethereum (ETH/USD) forecast and analysis on September 6, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 395.20. 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 bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area 420.50, 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.