Ethereum ETH/USD is traded at the level of 378. The 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 Cloud cloud test is expected near the area of 385, from which one should expect a rebound and an attempt to continue the fall of the crypto currency with a target at level 300.
Ethereum forecast & analysis ETH/USD April 6, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a strong signal was received for the sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 395.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 450, 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 355.