The Ethereum cryptocurrency is traded at 1586 and continues to move as part of the correction and the descending channel. ETH/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo cloud. This indicates the presence of a bear’s trend on Ethereum. As part of the prognosis of the Ethereium course on September 2, 2022. It is expected to develop a digital asset and test of the upper boundary of the ICHIMOKU KINKO HYO cloud near level 1590. Where to expect a rebound and an attempt to continue the ETH/USD fall with a goal below the level of 1205.
Ethereum Forecast and Analysis September 2, 2022
An additional signal in favor of the fall of cryptocurrency will be a test level test on the price schedule. The second signal will be the rebound from the upper boundary of the descending channel. Previously, a strong signal for Ethereum cryptocurrency sales was received. The signal was formed due to the intersection of signal lines at 1555. The closest resistance area for Ethereum is located at 1665. The ETH/USD support area is located at 1255.
The cancellation of the option of falling the cost of the Ethereum cryptocurrency will be a strong growth and breakdown of the upper boundary of the Ishimoku indicator cloud with the closure of the price of 1735. Such a scenario will indicate a change in a descending trend in favor of a bull tendency and continuing the growth of cryptocurrency. Expecting the acceleration of the fall of the ETH/USD quotes is with a breakdown of the support area and closing the price under a level of 1415.
Ethereum Forecast and Analysis September 2, 2022 involves an attempt to develop cryptocurrency correction and level of level 1590. Where to wait for the fall of the Ethereum asset with a potential target near the level of 1205. The abolition of the decrease option will be a strong growth and breakdown of the region 1735. This He will indicate the continuation of the rise of the ETH digital currency to the US dollar with a potential target higher than 2045.
