Ethereum ETH/USD is traded at the level of 457. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 450 level, from which it is expected to rebound and try to continue the growth of ETH/USD with a target above the level of 505.
Ethereum forecast & analysis ETH/USD July 22, 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 signal lines at the level of 477.
The abolition 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 440 area, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall in 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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