Ethereum ETH/USD is traded at 323. The currency is traded below the lower boundary of the Ichimoku Kinky Hyo Cloud, indicating a bearish trend in Ethereum. A resistance area test is expected near the level 335, from which one should expect a rebound and a drop attempt with a target at level 280.
Ethereum forecast & analysis ETH/USD on September 8, 2017
Earlier, a weak signal was received for buying of Ethereum cryptocurrency due to crossing of the signal lines at level 315. Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Cloud Kinko Hyo with the closing of quotes above the area of 350, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the area 310.
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