Ethereum ETH/USD is trading at the level of 254.50. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 265.00, from which one should expect an attempt to drop and develop the bearish trend for Ethereum with a target to lower near the level of 215.00.
Ethereum ETH/USD prediction & analysis on July 6, 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 quotations above the area of 287.00, 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 230.00.
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