Cryptocurrency Ethereum (ETH/USD) is trading at 310.68. Quotes of the currency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. A test of level 294.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 370.50.
Ethereum (ETH/USD) forecast on October 9 — October 13, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 265.10. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 246.50, indicating a change in the bearish trend for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
