Ethereum ETH/USD is traded at 381. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud cloud test is expected near the area of 400, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 300.
Ethereum forecast & analysis ETH/USD April 5, 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.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 450, 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 355.
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