Ethereum ETH/USD is traded at 822. The cryptocurrency is trading 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 the level 855 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 700.
Ethereum forecast & analysis ETH/USD on February 25, 2018
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. 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 quotations above the area of 900, 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
