Ethereum ETH/USD is trading at 890. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 940 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 680.
Ethereum forecast & analysis ETH/USD on January 24, 2018
Earlier, an average signal signal was received for sell of the Ethereum cryptocurrency, by crossing the signal lines at 980 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. Expect to accelerate the fall in quotations ETH/USD is with a breakdown of the level of 820.
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