Ethereum ETH/USD is traded at 435. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. As part of Efriy’s forecast, the Ichimoku Kinko Hyo cloud bottom test is expected near the 445 level, from which it is expected to rebound and attempt to continue falling ETH/USD with a target below the level of 395.
Ethereum forecast & analysis ETH/USD July 11, 2018
An additional signal in favor of reducing the cryptocurrency will be a test of the resistance area, as well as a rebound from the lower boundary of the bullish channel. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 470.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 485 area, which indicates a change in the bearish trend in favor of a bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotes ETH/USD stands with the breakdown of the bottom of the rising channel and the closing below the level of 415.
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