Ethereum ETH/USD is trading at the level of 458. 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 455 level, from which it is expected to rebound and try to continue the growth of ETH/USD with a target above the level of 515.
Ethereum forecast & analysis ETH/USD July 7, 2018
An additional signal in favor of the growth of the cryptocurrency will be the support area test, as well as the lower bound of the «Triangle» model. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 460.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure below the area of 430, which will indicate a change in the bullish trend in favor of the bearish trend and the continued decline of the cryptocurrency. To expect confirmation of the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 480.
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