Ethereum ETH/USD is trading at the level of 259.50. The Crypto currency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. ETH/USD is expected to rise near the level of 285.00, from which one should expect an attempt to drop and develop a bearish trend on Ethereum with a view to reducing near the level of 210.00.
Ethereum ETH/USD prediction & analysis on June 27, 2017
Earlier, a weak signal was received for the sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 350.70. 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 325.00, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETH/USD stands with the breakdown of the local minimum area at the level of 232.00.
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