Ethereum forecast & analysis ETH/USD on March 24, 2018


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Ethereum ETH/USD is traded at the level of 524. 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 is expected to test the lower boundary near area 540, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 415.

Ethereum forecast & analysis ETH/USD on March 24, 2018

An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 530.

Ethereum forecast & analysis ETH/USD on March 24, 2018

Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 590, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 470.


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