Cryptocurrency Ethereum (ETH/USD) is trading at 709.52. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of level 810.50 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 500.20.
Ethereum (ETH/USD) forecast on March 12 — 18, 2018
The conservative area for Ethereum sales is located at the upper boundary of the Bollinger Bands indicator bars at 990.20. 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 bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 1050.20, 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.