Ethereum ETH/USD is traded at the level of 300. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test area of the signal lines is expected near the level of 330, from which one should expect a rebound and attempt to fall with the target at level 275.
Ethereum forecast & analysis ETH/USD on September 6, 2017
An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for the sale of the Ethereum cryptocurrency, by crossing the signal lines at level 361. The cancellation of the Ethereum fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 350, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD stands with a breakdown of the area of 280.
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