Ethereum ETH/USD is traded at the level of 273.05. The Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 280.00 level, from which it is expected to try to drop and develop a bearish trend for Ethereum with a target to lower near the level of 230.00.
Ethereum ETH/USD prediction & analysis on July 4, 2017
Earlier, a medium strength signal was received for the sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 268.90. 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 quotations above the area of 290.00, 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 240.00.
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