Ethereum ETH/USD is traded at 466. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 460, from which one should expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 505.
Ethereum forecast & analysis ETH/USD July 18, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. 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 growth scenario of the Ethereum cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below area 425, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the resistance area and the closing above the level of 485.
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