Ethereum ETH/USD is trading at 198.70. Cryptocurrency continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. ETH/USD is expected to drop to 188.00, then the lower Ichimoku Kinko Hyo Cloud level test near the 196.00 level, from which one should expect an attempt to drop and further develop the bearish trend for Ethereum, with a target to lower near 159.00.
Ethereum forecast & analysis ETH/USD on July 29, 2017
Earlier, we received a weak signal for sales of the Ethereum cryptocurrency, due to crossing of the signal lines at the level of 209.68. 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 218.00, which indicates 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 168.00.
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