Ethereum ETH/USD is traded at the level of 216.80. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates an bullish trend in Ethereum. ETH/USD is expected to drop to the level of 192.00, from which one should expect an attempt to grow and develop the bull trend on Ethereum with the target of growth near the level of 272.00.
Ethereum ETH/USD prediction & analysis on July 22, 2017
Earlier, a weak signal was received for buying of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 165.70. The cancellation of the growth scenario of Ethereum quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 170.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for ETH/USD is with the breakdown of the local maximum area at 260.00.
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