Ethereum ETH/USD is traded at the level of 456. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the 490 level is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 395.
Ethereum forecast & analysis ETH/USD June 26, 2018
An additional signal in 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 medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 495.
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 closure above the 515 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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