Ethereum ETH/USD is closing the trading week near the 468 area. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the level of 580 is expected, from which it is expected to attempt a rebound and continue the fall of the cryptocurrency with a target at 175.
Ethereum (ETH/USD) forecast on March 19 — 23, 2018
An additional signal in favor of the fall of the crypto currency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. 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 850 area, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETH/USD is worth a breakdown of the support area and closing below the level of 400.
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