Cryptocurrency Ethereum ETH/USD is trading at the level of 352.42. Quotes of cryptocurrency continue to trade above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, Ethereum quotes test the average border of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 330.00, where again we should expect an attempt to continue growth and further development of the bullish trend in the Ethereum cryptocurrency with the target of growth near the level of 420.00.
Ethereum forecast ETH/USD on June 21, 2017
The conservative buying area of Ethereum is located near the lower border of the Bollinger Bands indicator strip at 340.00. The abolition of the continuation of the growth of the ETH/USD cryptocurrency 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 the Ethereum quotations below the area of 315.00, indicating a change in the bearish trend for ETH/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands indicator bars, it is expected to accelerate the growth of the cryptocurrency in the area above the 420.00 level.
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