Ethereum ETH/USD completes the trading week near the area on 26.09. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines near the level of 25.50 is expected, from which it is expected to attempt a rebound and further growth with the aim near the level of 38.00. An additional signal of the growth of the cryptocurrency will be the test of a bullish trend line.
Ethereum (ETH/USD) weekly forecast December 11 — 15, 2017
Earlier, a weak signal was received for target of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 11.10. The cancellation of the growth scenario for Ethereum Classic quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 21.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 31.50.
