Ethereum ETH/USD completes the trading week near area 909. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 980 level is expected to be tested near the 980 level, from which it is expected to attempt a rebound and continue the fall of the cryptocurrency with a target at 640. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ethereum (ETH/USD) weekly forecast February 19 — 23, 2018
Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 1050. 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 1060, 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 lower boundary of the Cloud indicator and closing below the level of 860.
