Ethereum ETH/USD is trading at 135.78 and continues to move as part of a downward correction. ETH/USD cryptocurrency moves inside Ichimoku Kinko Hyo clouds. This indicates the presence of a lateral trend on Ethereum. As part of the forecast for Ethereum on March 24, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 136.45. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with the target below 125.00.
Ethereum Forecast and Analysis ETH/USD March 25, 2019
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. Earlier, a weak signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 139.35. The nearest resistance area is at 140.00. The area of support for ETH/USD is located at 130.00.
The cancellation of the Ethereum cryptocurrency fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 142.55 area. Such a scenario would indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the lower boundary of the upward channel and closing below 130.00.
Ethereum Forecast and Analysis ETH/USD March 25, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 136.45. Where can we expect the continuation of the fall of Ethereum with a potential target near the level of 125.00. Cancellation option reduction will make a strong growth and the breakdown of the area of 142.55. This will indicate a continued rise in the rate of digital currency with a potential target above the level of 155.00.