Ethereum ETH/USD is traded at 442. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 450 level, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below 405 level.
Ethereum forecast & analysis ETH/USD July 21, 2018
An additional signal in favor of reducing the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 477.
Cancellation of the variant of the Ethereum crypto currency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 480 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations ETH/USD stands with the breakdown of the bottom of the bullish channel and closing below the level of 425.
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