Ethereum ETH/USD is trading at 465. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 460 is expected, from which we should expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 530.
Ethereum forecast & analysis ETH/USD July 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area, as well as a 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 435.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 420 area, which indicates a change in the flat trend in favor of the bearish and the continued decline in the cryptocurrency. To expect confirmation of the growth of quotations ETH/USD stands with the breakdown of the upper limit of the bearish channel and the closing above the level of 510.
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