Ethereum ETH/USD is traded at the level of 673. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 700, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 570.
Ethereum forecast & analysis ETH/USD on March 14, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 690.
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 750 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 655.