Ethereum ETH/USD is traded at 476. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 465 level, from which we should expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 540.
Ethereum forecast & analysis ETH/USD July 10, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area, as well as a rebound from the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 465.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 440, which will indicate a change in the bullish trend in favor of the bearish and the continued decline in the cryptocurrency. Expect an acceleration in the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 505.
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