The Ethereum cryptocurrency is trading at 1621 and continues to move as part of the development of a correction and a bearish channel. ETH/USD quotes are moving below the lower border of the Ichimoku Kinko Hyo indicator Cloud border. This indicates a bearish trend for Ethereum. As part of the Ethereum price forecast for September 15, 2023. The development of a rise in the digital asset and a test of the upper limit of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 1645 are expected. Where can we expect a rebound downward and an attempt to continue the fall of ETH/USD with a target below the level of 1465.
Ethereum Forecast and Analysis for September 15, 2023
An additional signal in favor of a fall in the cryptocurrency will be a test of the resistance level on the price chart. The second signal will be a rebound from the upper border of the bearish channel. Earlier, a strong signal was received for the sale of the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 1625. The nearest resistance area for Ethereum is located at the level of 1665. The support area for ETH/USD is located at the level of 1535.
Cancellation of the option for the fall in the value of the Ethereum cryptocurrency will be a strong growth and a breakdown of the upper limit of the Ichimoku indicator Cloud with the price closing above the level of 1695. This scenario will indicate a change in the bearish trend in favor of a bullish trend and continued growth of the cryptocurrency. Expect an acceleration in the fall of ETH/USD quotes with a breakdown of the support area and closing of the price below the level of 1545.
Ethereum Forecast and Analysis for September 15, 2023 suggests an attempt to develop a cryptocurrency correction and a test of the level of 1645. Where can we expect the Ethereum asset to continue to fall with a potential target near the level of 1465. The cancellation of the reduction option will be a strong growth and a breakdown of the 1695 area. This is will indicate a continued rise in the rate of the digital currency ETH against the US Dollar with a potential target above the level of 1875.