Cryptocurrency Ethereum ETH/USD is trading at 253.10. Quotations of the currency are traded within the bearish channel. A correction attempt is expected to reach the upper boundary at 280, where again one should expect a rebound and a drop in quotes below the level 235. In favor of the drop in Ethereum quotes, a tight resistance line test will be performed on the relative strength indicator.
Ethereum ETH/USD prediction & analysis on July 2, 2017
Cancellation of the fall variant will be a breakdown of the upper boundary of the descending channel and the closing of quotations above area 290, which indicates the continued growth in the area above the level of 305. With the breakdown of the lower boundary of the channel, it is expected to accelerate the fall of Ethereum to below 210.
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