Cryptocurrency ETHEREUM ETH/USD is trading at the level of 275.50. Quotes of the currency are traded below the moving average with a period of 55, which indicates a bearish trend for ETHEREUM. At the moment, quotations ETHEREUM test the average boundary stripes indicator Bollinger Bands. The quotation is expected to reach the upper boundary at 285, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency to fall near the level of 230.
ETHEREUM ETH/USD forecast and analysis on July 4, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at 295. The abolition of the continuation of the fall of the ETH/USD cryptocurrency will be a breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM above the 325 area, the trend in favor of the bullish on ETH/USD. An additional signal in favor of growth is the breakdown of the resistance area. 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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