Cryptocurrency Ethereum (ETH/USD) is trading at 460.79. 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 test the lower boundary of the bands of the Bollinger Bands indicator. A test of the level of 540.50 is expected, 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 290.50.
Ethereum (ETH/USD) forecast on March 19 — 25, 2018
The conservative area for sales of Ethereum is located near the middle border of the Bollinger Bands indicator bars at 720.60. The abolition of the continuation of the fall of the ETH/USD pair will be a breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 870.50, 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.