Ethereum ETH/USD is traded at the level of 292. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 310 is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below 225.
Ethereum forecast & analysis ETH/USD August 14, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 465.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of 365, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and the closure below the level of 265.
Ethereum forecast & analysis ETH/USD August 14, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of level 310, from which it is expected to continue the fall of the Ethereum rate with a potential target near the level of 225, the abolition of the decline option will cause a strong growth and breakdown of the region 365.
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