Ethereum ETH/USD is traded at the level of 502. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the level of 520 is expected, from which one should expect a rebound and an attempt to drop ETH/USD with a target below the level of 440.
Ethereum forecast & analysis ETH/USD June 13, 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.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 570, 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 of quotations ETH/USD is with the breakdown of the lower limit of the model «Triangle» and the closure below the level of 485.