Ethereum prediction for the week 1 — 7 October 2018

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Ethereum prediction for the week 1 — 7 October 2018

Ethereum ETH/USD is trading at the level of 236.33. Quotes of cryptocurrency trading below the moving average with period 55, which indicates that the bearish trend in Ethereum. At the moment quotes cryptocurrency moving average near the boundaries of the Bollinger bands. Expected to test the level of 270.00, where we can expect an attempt continue to fall and further development of a descending trend with the target around 150.00.

Ethereum prediction for the week 1 — 7 October 2018

Conservative area for sales Ethereum is near the upper boundary of the Bollinger bands at the level of 265.00. The cancellation of the option to continue falling pair of ETH/USD will be a break out region the upper boundary of the Bollinger bands and moving average with period 55 and closing of the pair’s quotes above 350.00, which will indicate the trend change in favor of bullish on Ethereum. In case of breaking the lower border of the Bollinger bands is expected to fall faster.

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