Cryptocurrency Ethereum (ETH/USD) is trading at 325.93. Quotes of the pair are traded below the moving average with a period of 55, indicating a bearish trend the Ethereum/Dollar. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 340.50, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 270.50.
Ethereum (ETH/USD) forecast and analysis on September 8, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bands at 354.20. The abolition of the continuation of the fall of the Ethereum/Dollar pair will be a breakdown of the upper boundary area 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 374.50, 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.