Ethereum ETH/USD is traded at the level of 203 and continues to move within the framework of correction. 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 15, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near level 205, from which one should expect a rebound and an attempt to continue falling ETH/USD for a level below 160.
Ethereum forecast & analysis ETH/USD September 15, 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 buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 185.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 235 area, 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 quotations ETH/USD is with the breakdown of the support area and closing below the level of 190.
Ethereum forecast & analysis ETH/USD September 15, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level 205, from which it is expected to continue the fall of the Ethereum rate with the potential target near the level of 160, the abolition of the decline option will make a strong growth and breakdown of the region 235, which will indicate the continued growth of the exchange rate of the digital currency.
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