Ethereum ETH/USD is trading at 853. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the level 865, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 695. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Ethereum forecast & analysis ETH/USD on February 24, 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 935, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 750.
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