Ethereum ETH/USD is traded at 831. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 835, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 650. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ethereum forecast & analysis ETH/USD on February 14, 2018
Earlier, a medium strength signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at 820 level. Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 880, which indicates a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes ETH/USD stands with the breakdown of the lower boundary of the Cloud and the closing below the level of 680.
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