Ethereum ETH/USD is traded at 404. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the area 415 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 310.
Ethereum forecast & analysis ETH/USD April 4, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 395.
The cancellation of the Ethereum fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 460, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the bottom of the model «Triangle» and the closure below the level of 360.
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