Cryptocurrency Ethereum (ETH/USD) is trading at 108. The cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Ethereum. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Ethereum (ETHUSD) forecast on November 26 — December 2, 2018
As part of the Ethereum course forecast, a test of level 160 is expected. Where should we expect an attempt to continue the fall of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 70. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at the level of 240.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above 250. This will indicate a change in the current trend in favor of the bullish ETH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum (ETHUSD) forecast on November 26 — December 2, 2018 implies a test of level 160. Further, it is expected to continue falling to the area below 70. The conservative area for selling Ethereum is located area of 240. Canceling the option of falling cryptocurrency will break the level of 250. In this case, we can expect continued growth.