Ethereum ETH/USD is traded at 473. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 465 level, from which it is expected to rebound and try to continue the growth of ETH/USD with a target above the level of 510.
Ethereum forecast & analysis ETH/USD July 25, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area, as well as the formation of the reversal model «Double Bottom». Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 455.
The abolition of the growth variant of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 450 area, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect the acceleration of the growth of quotations ETH/USD is with the breakdown of the resistance area and the closure above the level of 490.
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