Ethereum ETH/USD is traded at the level of 451. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near area 490 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 350.
Ethereum forecast & analysis ETH/USD on March 28, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 540, which indicates a change in the bearish trend in favor of the ascending trend. Expect to accelerate the fall of quotations ETH/USD is the breakdown of the bottom of the model «Triangle» and closing below the level of 420.