Ethereum ETH/USD is traded at the level of 220 and continues to move within the framework of the upward correction. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD September 16, 2018, the Ichimoku Kinko Hyo Cloud upper boundary test is expected near level 230, from which it is expected to rebound and attempt to continue falling ETH/USD with a target below level 190.
Ethereum forecast & analysis ETH/USD September 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a rebound from the upper boundary of the bullish channel. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 185.
The cancellation of the drop in the Ethereum cryptocurrency will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 240, indicating a change in the lateral trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the bottom of the rising channel and closing below the level of 180.
Ethereum forecast & analysis ETH/USD September 16, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level of 230, where we can expect the continuation of the fall of the Ethereum rate with a potential target near the level of 190, the abolition of the decline option will make a strong growth and breakdown of the area 240, which will indicate the continued growth of the exchange rate of the digital currency.
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