Ethereum ETH/USD is traded at 472. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the 500 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 350.
Ethereum forecast & analysis ETH/USD on March 19, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. 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.
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 650, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETH/USD is worth a breakdown of the support area and closing below the level of 400.
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