Ethereum ETH/USD is traded at 412 level. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 430 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 370.
Ethereum forecast & analysis ETH/USD on December 8, 2017
Earlier, we received a weak signal for sell of the Ethereum cryptocurrency, by crossing the signal lines at 460 level. there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 465, which indicates the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETH/USD is worth a breakdown of the support level and closing below 390.