Ethereum ETH/USD is trading at the level of 195. Cryptocurrency is trading below the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 203 level is expected to be tested near the level of 203, 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 ETH/USD prediction & analysis on July 31, 2017
Earlier, a weak signal was received for sales of the Ethereum cryptocurrency, due to the intersection 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 quotations above area 210, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on ETH/USD is with the breakdown of the local minimum area at 170.
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