Ethereum ETH/USD is traded at the level of 546. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the level of 580 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 475.
Ethereum forecast & analysis ETH/USD on March 18, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 690.
The cancellation of the Ethereum fall option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 680, 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 the breakdown of the support area and closing below the level of 550.
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