Ethereum ETH/USD is trading at 467. The cryptocurrency trading below the cloud base Ichimoku Kinko Hyo, indicating a bearish trend on the Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the area of 490 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 380.
Ethereum forecast & analysis ETH/USD on March 27, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 530.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 540, which indicates a change in the bearish trend in favor of the ascending trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 430.
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