Ethereum ETH/USD is trading at 851. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 870 level, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 725. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Ethereum forecast & analysis ETH/USD on March 1, 2018
Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 820. Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 910, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETH/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 805.
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