Cryptocurrency Ethereum (ETH/USD) is trading at 872.35. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of the level of 1020.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 600.50.
Ethereum (ETH/USD) forecast on February 5 — 11, 2018
The conservative sales area for Ethereum is located near the upper boundary of the Bollinger Bands indicator bars at 1200.20. The abolition of the continuation of the fall of the ETH/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 1250.80, 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.