Ethereum ETH/USD is traded at 380. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 395 area 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 8, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the resistance area. Earlier, a strong signal was received for the sell 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 420, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 350.
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