Ethereum ETH/USD is trading at the level of 255.13. Quotes of the cryptocurrency will continue to move within the descending channel, which implies a bearish trend for Ethereum. We should expect an attempt to test the upper border of the channel at the level of 277, where again we should expect the continuation of the decline in quotes ETH/USD in the area of support 215.
ETH/USD technical analysis & forecast on July 3, 2017
In favor of the fall of the cryptocurrency, a dense test of the downward trend line will appear on the indicator of relative strength index (RSI). The cancellation of the drop in the quotations of ETH/USD will be a breakdown of the level of 290, which will indicate the outflow of the quotes beyond the bearish channel, the continued growth in the area of 306.
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