Ethereum ETH/USD is traded at 926. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 940 level is expected to be tested near the 940 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 725.
Ethereum forecast & analysis ETH/USD on January 23, 2018
Earlier, we received an average signal signal for sell of the Ethereum cryptocurrency, by crossing the signal lines at 970 level. 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 1100, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETH/USD is worth a breakdown of the level of 890.
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