ETHEREUM ETH/USD is trading at 254. Currencies are traded below the moving average with a period of 55, indicating a bearish trend in ETHEREUM. Currently, the quotes are testing the average border of the Bollinger Bands indicator bars. It is expected that the quotations will increase to the moving average at 265, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency with the target near the level of 230.
ETHEREUM forecast & analysis ETH/USD on July 7, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at 280. The option of continuing the fall of the ETH/USD cryptocurrency will be a breakdown of the upper range area of the Bollinger Bands indicator bars, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM above area 295, which indicates a change in the trend in favor of the bullish on ETH/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency.
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