Ethereum ETH/USD is traded at the level of 790. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 845 level, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at 655. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Ethereum forecast & analysis ETH/USD on February 23, 2018
Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 920. 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 925, which will indicate 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 760.a
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