Ethereum ETH/USD is traded at 448. The currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near area 460 is expected, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at level 355.
Ethereum forecast & analysis ETH/USD on March 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. 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 530, 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 410.