Ethereum ETH/USD is traded at the level of 450. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 455 level, from which one should expect a rebound and an attempt to continue the fall of ETH/USD with a target below the level of 365.
Ethereum forecast & analysis ETH/USD July 1, 2018
An additional signal in the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 435.
Cancellation of the variant of the Ethereum cryptocurrency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 480 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and the closure below the level of 385.
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