Ethereum ETH/USD completes the trading week near area 823. The cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the level of 860, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with the target at the level of 520. An additional signal in favor of the drop of the cryptocurrency will come from the upper channel test, as well as the resistance level test.
Ethereum (ETH/USD) forecast February 26 — March 2, 2018
Earlier, a strong signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 860. Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1000, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 740.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
