Ethereum ETH/USD is trading at the level of 191.61. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade below its lower limit, indicating a bearish trend in Ethereum. The growth of quotations of ETH/USD to the level of 195.00 is expected, from which one should expect an attempt to drop and further develop the bearish trend on Ethereum with the target of reducing near the level of 146.00.
Ethereum forecast & analysis ETH/USD on August 1, 2017
Earlier, a weak signal was received for the buying of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 191.61. 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 the area of 210.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations on ETH/USD is with the breakdown of the local minimum area at 155.00.
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