Ethereum ETH/USD is trading at 410. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 445 level, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 340.
Ethereum forecast & analysis ETH/USD June 30, 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 445.
Cancellation of the variant of the Ethereum cryptocurrency fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 480 area, which will indicate a change in the downward trend in favor of the upward 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 the closure below the level of 385.
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