Ethereum ETH/USD is trading at the level of 176.50. Crypto currency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Ethereum. The growth of quotations of ETH/USD to the level of 192.00 is expected, from which one should expect an attempt to drop and develop a bearish trend on Ethereum with a view to lower near the level of 119.00.
Ethereum ETH/USD prediction & analysis on July 18, 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 quotes above the area of 213.00, which indicates 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 130.00.
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