Ethereum ETH/USD is traded at the level of 331. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. A test of the lower boundary of the Indicator Cloud is expected near the level of 345, from which one should expect a rebound and a fall attempt with a target at level 300. An additional signal in favor of the fall of the cryptocurrency is the breakdown of the lower boundary of the bullish channel.
Ethereum prediction & analysis ETH/USD on September 5, 2017
Earlier, a weak signal was received for the sale of the Ethereum cryptocurrency, by crossing the signal lines at level 361. The abolition of the Ethereum fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 365, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD stands with a breakdown of the area of 320.
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