Cryptocurrency Ethereum ETH/USD is trading at 320.40. The cryptocurrency continues to trade 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 340.00 level, from which one should expect an attempt to drop and develop a bearish trend on Ethereum with a target to lower near the level of 260.00.
Ethereum forecast ETH/USD on June 23, 2017
Earlier, a weak signal was received for the sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 350.70. 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 the area of 360.00, 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 280.00.
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