Ethereum ETH/USD is traded at the level of 246. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. A test of the lower boundary of the Cloud of the indicator near the level of 280 is expected, from which one should expect a rebound and a fall attempt with a target at level 205.
Ethereum prediction & analysis ETH/USD on September 18, 2017
An additional signal in favor of the drop of the cryptocurrency will come from the resistance area test, as well as the upper boundary test of the bearish channel. Earlier, a weak signal was received for the buying of Ethereum cryptocurrency, by crossing the signal lines at level 247. 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 quotations above area 295, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown of the level of 235.
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