Cryptocurrency ETHEREUM ETH/USD is trading at the level of 236.50. 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 lower boundary of the bands of the indicator Bollinger Bands. It is expected to test the level of the average border near the area of 275, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency with the aim of falling near the level of 185.
ETH/USD forecast & signals ETHEREUM on June 28, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at 330 level. The continuation of the fall of the ETH/USD crypto currency will be a breakdown of the upper range 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 350 area, indicating change trend 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 into the area below the level of 185.
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