Ethereum ETH/USD is traded at the level of 455. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The Ichimoku Kinko Hyo signal line area test is near the 485 level, from which we expect a rebound and an attempt to continue the fall of ETH/USD with a target below 410 level.
Ethereum forecast & analysis ETH/USD June 23, 2018
An additional signal in the fall of the growth 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 medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 495.
The abolition of the Ethereum crypto currency fall variant will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 525 area, 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 430.
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