Ethereum ETH/USD is closing the trading week near the area 413. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 485 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target at 225 level.
Ethereum (ETH/USD) forecast July 2 — 6, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 700.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 620, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 320.