Cryptocurrency Ethereum ETH/USD is trading at 343.42. 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, Ethereum quotes are testing the lower boundary of the Bollinger Bands indicator bars. A slight correction is expected near the level of 325.00, where again we should expect an attempt to continue growth and further development of the bullish trend in the Ethereum crypto currency with the target of growth near the level of 430.00.
Ethereum forecast & analysis on June 16, 2017
The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at 330.00. The abolition of the continuation of the growth of the ETH/USD crypto currency will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with the level of 55 and the closing of Ethereum quotes below the area of 290.00, which indicates a change in the trend in favor of the bearish by ETH/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the crypto currency in the area above the level of 430.00.
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