Ethereum ETH/USD is trading at the level of 202.60. Cryptocurrency is trading 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 218.00 is expected, from which one should expect an attempt to drop and develop the bearish trend on Ethereum with the target of reducing near the level of 158.00.
Ethereum ETH/USD prediction & analysis on July 13, 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. Cancellation of the drop in Ethereum quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 240.00, 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 the level of 170.00.
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