Ethereum ETH/USD is traded at 527. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test the upper 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 445.
Ethereum forecast & analysis ETH/USD on March 25, 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 sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 530.
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 flat trend in favor of the ascending trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 480, which indicates the resumption of the bearish trend.