Ethereum ETH/USD is traded at the level of 396. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test the upper boundary near area 400, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 320.
Ethereum forecast & analysis ETH/USD April 9, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 385.
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 of quotations ETH/USD is with the breakdown of the bottom of the model «Triangle» and closing below the level of 350.
