Ethereum ETH/USD is traded at the level of 360. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines is expected near the area of 385, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 250.
Ethereum forecast & analysis ETH/USD April 2, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, by crossing signal lines at the level of 530.
The cancellation of the Ethereum fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 460, 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 the breakdown of the support area and closing below the level of 340.
In favor of falling quotes is also the breakdown of the lower boundary of the model «Triangle» at small time intervals. The target of testing the model is the area below the level of 300. The breakdown will be the breakdown of the area 400.