Ethereum ETH/USD is traded at 464. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level 460, 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 28, 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 the signal lines at the level of 455.
Cancellation 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 445 area, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 485.