Ethereum ETH/USD is trading at 521. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 545 is expected, from which one should expect a rebound and an attempt to drop ETH/USD with a target below the level of 460.
Ethereum forecast & analysis ETH/USD June 12, 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 the signal lines at the level of 600.
The abolition of the Ethereum cryptocurrency fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 600, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the bottom of the bullish channel and closing below the level of 500.
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