Ethereum ETH/USD is traded at 390. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the area of 405, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 320.
Ethereum forecast & analysis ETH/USD April 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 385.
The abolition of the Ethereum fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above 430, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 350.