Cryptocurrency Ethereum ETH/USD forecast for May 13, 2021
Ethereum ETH/USD is trading at 4328. Cryptocurrency quotes are trading above the level of the moving average with a period of 55. This indicates the presence of a bullish trend for Ethereum. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.
Cryptocurrency Ethereum ETH/USD trading forecast for May 13, 2021
As part of the Ethereum exchange rate forecast, a test of the 3990 level is expected. Where to expect an attempt to continue the growth of ETH/USD and further development of the upward trend. The target of this movement is the area near the level of 4910. The conservative area for Ethereum purchases is located near the lower border of the Bollinger Bands indicator bands at the level of 3700.
Cryptocurrency Ethereum ETH/USD signal for May 13, 2021
The 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 bands. As well as the moving average with a period of 55 and the closing of the pair's quotes below the area of 3650. This will indicate a change in the current trend in favor of a bearish one for ETH/USD. In the event of a breakdown of the upper limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.
Ethereum ETH/USD forecast for today May 13, 2021 suggests a test of the 3990 level. Further growth is expected to continue in the area above the level of 4910. The conservative buy zone is near the 3700 area. The cancellation of the growth option of the cryptocurrency will be the breakdown of the 3650 level. In this case, we should expect the fall to continue.