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 17, 2018, the Ichimoku Kinko Hyo Cloud upper limit test is expected near 225, where we expect a rebound and an attempt to continue the fall of the ETH/USD with a target below the 195 level.
Ethereum forecast & analysis ETH/USD September 17, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as the formation of the «Head and Shoulders» reversal model. 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 flat 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 17, 2018 suggests an attempt to develop a correction of the cryptocurrency and the 225 level test, from which it is expected to continue the fall of the Ethereum rate with a potential target near the level of 195, 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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