Ethereum ETH/USD is traded at the level of 459. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 465 level, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 420.
Ethereum forecast & analysis ETH/USD July 24, 2018
An additional signal in favor of the fall of 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 cryptocurrency 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. To expect confirmation of the drop in quotes ETH/USD stands with the breakdown of the bottom of the uplink and closing below the level of 430.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
