Ethereum ETH/USD is traded at 471. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating 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 24, 2018
An additional signal in the fall of the growth of the cryptocurrency will be a test of the resistance area. 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 cryptocurrency 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 quotations ETH/USD is with the breakdown of the support area and closing below the level of 440.
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