Ethereum ETH/USD is traded at 1071. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a lateral trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1085, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 850. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, by crossing the signal lines at level 1100.
Ethereum forecast & analysis ETH/USD on February 2, 2018
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 1170, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the level of 950, which indicates the completion of the formation of the reversal model «Head and Shoulders».
