Ethereum ETH/USD is trading at the level of 208.50. 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 232.00 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 159.00.
Ethereum ETH/USD prediction & analysis on July 14, 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. Expect to accelerate the fall of quotations on ETH/USD is with the breakdown of the local minimum area at 169.00.
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