Ethereum ETH/USD is trading at 470. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the 500 level is expected, from which one should expect a rebound and an attempt to drop the ETH/USD with a target below the level of 400.
Ethereum forecast & analysis ETH/USD June 14, 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 530, 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 support area and closing below the level of 450.
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