Ethereum ETH/USD is traded at the level of 184. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 205, from which one should expect an attempt to drop and develop a bearish trend along Ethereum with a target to lower near the level of 135.
Ethereum ETH/USD prediction & analysis on July 17, 2017
Earlier, a strong signal was received for sales of the Ethereum cryptocurrency, by crossing 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 165.00.
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