Cryptocurrency ETHEREUM ETH/USD is traded at level 252. Quotes of the currency are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for ETHEREUM. At the moment, quotes are repelled from the middle border of the indicators Bollinger Bands. It is expected that the quotations will increase to the moving average at 260, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency with the target close to level 200.
ETHEREUM forecast & analysis ETH/USD on July 8, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at 270. Canceling The option of continuing the fall of the ETH/USD cryptocurrency will be a breakdown of the upper range 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 290, which will indicate changing trends in favor of bullish 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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