Ethereum ETH/USD is traded at the level of 472. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish 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 growth of ETH/USD with a target above the level of 525.
Ethereum forecast & analysis ETH/USD July 20, 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.
The abolition of the growth of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the area of 435, which indicates a change in the bullish trend in favor of the bearish trend and the continued fall in the crypto currency. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the bullish channel and the closing above the level of 510.
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