Ethereum ETH/USD is trading at 518. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. A test of the Ichimoku Kinko Hyo signal line area near the 530 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 440.
Ethereum forecast & analysis ETH/USD June 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. 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 crypto currency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of 5570, 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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