Ethereum ETH/USD is trading at the level of 192. Cryptocurrency continues to trade below the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 205, from which it is expected to try to drop and further develop the bearish trend for Ethereum with a target to reducing near the level of 155.
Ethereum forecast & analysis ETH/USD on July 30, 2017
Earlier, a weak signal was obtained for sales of the Ethereum cryptocurrency, due to the crossing of signal lines at level 209. The cancellation of the drop in Ethereum quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 215, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETH/USD is with the breakdown of the local minimum area at the level of 173.
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