Ethereum ETH/USD is trading at the level 187.50. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The growth of quotations of ETH/USD to the level of 211.00 is expected, 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 138.00.
Ethereum ETH/USD prediction & analysis on July 12, 2017
Earlier, a strong signal was received for the sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 263.90. 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 250.00, which indicates 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 155.00.
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