Ethereum ETH/USD is traded at 846. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 850 level, from which it is expected to rebound and try to continue the fall of the crypto currency with the target at 770. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Ethereum forecast & analysis ETH/USD on March 4, 2018
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 840. 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 910 area, which indicates a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETH/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 805.
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