Ethereum (ETH/USD) forecast June 18 — 22, 2018


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Ethereum ETH/USD is closing the trading week near the 494 area. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 600 is expected, from which it is expected to attempt a rebound and continue the fall of the cryptocurrency with a target at level 300.

Ethereum (ETH/USD) forecast June 18 — 22, 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.

Ethereum (ETH/USD) forecast June 18 — 22, 2018

Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of ​​690, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 405.

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