Ethereum ETH/USD is traded at the level of 762. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the level of 815, from which we expect a rebound and an attempt to continue falling of the cryptocurrency with a target at the level of 590.
Ethereum forecast & analysis ETH/USD on January 18, 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 1050, 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 700.
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