Ethereum ETH/USD is traded at 440. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 445 is expected to be tested near the level of 445, where we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 400.
Ethereum forecast & analysis ETH/USD on December 7, 2017
Earlier, we received a weak signal for sell of the Ethereum cryptocurrency, by crossing the signal lines at 460 level. there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 465, which indicates the change of 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 limit of the model «Diamond» and the closing below the level of 420.
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