Cryptocurrency Ethereum (ETH/USD) is trading at 245. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the bands of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on June 5, 2020
As part of the Ethereum forecast, a test of the level of 235 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 268. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at 230.
Cancellation of the option to continue the growth of the Ethereum rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of 220. This will indicate a change in the current trend in favor of the bearish for ETH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Ethereum (ETH/USD) forecast and analysis on June 5, 2020 implies a test level of 235. Further growth is expected to continue to the area above level 268. The conservative buying area is located near area 230. The breakdown of the growth option for cryptocurrency will be a breakdown of level 220. In this case, we should expect further fall.