Ethereum ETH/USD is trading at 2628. 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 upper limit of the Bollinger Bands indicator bands.
As part of the forecast of the Ethereum exchange rate, a test of the 2450 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 3050. The conservative area for Ethereum purchases is located near the lower border of the Bollinger Bands indicator at the level of 2190.
Ethereum ETH/USD trading forecast for June 2, 2021
The cancellation of the option of continuing 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 2170. 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, June 2, 2021 suggests a test of the level of 2450. Further growth is expected to continue in the area above the level of 3050. The conservative buy zone is located near the 2190 area. The cancellation of the growth option of the cryptocurrency will be the breakdown of the level of 2170. In this case, we should expect the fall to continue.