Ethereum ETH/USD is trading at 1054. The cryptocurrency is traded 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 level of 1090, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 810.
Ethereum forecast & analysis ETH/USD on January 17, 2018
An additional signal in favor of the drop will be a resistance level test. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to crossing of the signal lines at the level of 1190. 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 1200, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with a breakdown of the level of 920.
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