Ethereum ETH/USD is traded at the level of 217 and continues to move within the limits of the decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD September 8, 2018, Ichimoku Kinko Hyo signal line area test is expected near the 235 level, from which it is expected to rebound and attempt to continue falling ETH/USD with a target below 175.
Ethereum forecast & analysis ETH/USD September 8, 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 bearish channel. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 285.
Cancellation of the variant of the Ethereum cryptocurrency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 265, which will indicate a change in the bearish 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 support area and closing below the level of 200.
Ethereum forecast & analysis ETH/USD September 8, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level 235, from which it is expected to continue the fall of the Ethereum rate with a potential target near the level of 175, the abolition of the decline option will make a strong growth and breakdown of the region 265, which will indicate the continued growth of the exchange rate of the digital currency.
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