Ethereum ETH/USD is trading at 285.00. The Cryptocurrency is trading 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 level of 285.00, 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 230.00.
Ethereum ETH/USD prediction & analysis on July 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 264.30. An additional signal in favor of a bearish trend will be a resistance area test. 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 310.00 area, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations on ETH/USD is with the breakdown of the local minimum area at 245.00.
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