Ethereum ETH/USD is traded at the level of 364. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near area 380, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 300.
Ethereum forecast & analysis ETH/USD April 7, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the lower border of the channel. Earlier, a strong signal was received for the sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 395.
The cancellation 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 bearish 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.