Ethereum ETH/USD is trading at 562. 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 580 level is expected to be tested near the level of 580, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 450.
Ethereum forecast & analysis ETH/USD on March 22, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 520.
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 620, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 495.
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