Ethereum ETH/USD is trading at 273.94. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 275.00, from which one should expect an attempt to drop and develop a bearish trend for Ethereum with a view to lower near the level of 240.00.
ETH/USD Ethereum prediction & analysis on July 5, 2017
Earlier, a medium strength signal was received for the sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 268.90. 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 290.00, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETH/USD stands with the breakdown of the local minimum area at 250.00.
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