Ethereum ETH/USD is traded at 811. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 840 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 690. An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model.
Ethereum forecast & analysis ETH/USD on February 26, 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 895, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the bottom of the model «Triangle» and closing below the level of 770.
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