Ethereum ETH/USD is trading at 222. The Ichimoku Kinko Hyo Cloud broke through and began to trade above its upper limit, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to be tested near the level 208, from which we should expect an attempt of growth and further development of the bull tendency on Ethereum for the target of growth near the level of 255.
Ethereum forecast & analysis ETH/USD on August 3, 2017
Earlier we received a weak signal for the purchases of the Ethereum cryptocurrency due to the crossing of signal lines at the level of 191. Cancellation of the variant of growth of quotations Ethereum will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 184, which will indicate the change of the bullish trend in favor of the bearish one. Expect to accelerate the growth of quotations for ETH/USD is with the breakdown of the local maximum area at 235.
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