Ethereum ETH/USD is traded at 489. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 470 level is expected, from which one should expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 530.
Ethereum forecast & analysis ETH/USD July 19, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at level 425.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 445 area, 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 upper limit of the rising channel and the closing above the level of 500.
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