Ethereum ETH/USD is trading at the level of 1007. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 1050 level is expected to be tested near the 1050 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 790.
Ethereum forecast & analysis ETH/USD on January 25, 2018
Earlier, we received an average signal signal 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 1150, 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 880.
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