Ethereum ETH/USD is traded at 731. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 765 level is expected to be tested near the level of 765, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 660 level.
Ethereum forecast & analysis ETH/USD on March 8, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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 850 area, 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 lower boundary of the channel and closing below the level of 630.
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