Ethereum ETH/USD is trading at the level of 372. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the area 415 is expected, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with a target at the level of 260.
Ethereum forecast & analysis ETH/USD March 31, 2018
An additional signal in favor of the fall of the crypto currency 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, by crossing 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 500, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 340.