Ethereum ETH/USD is closing the trading week near the area of 697. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 635 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 900.
Ethereum (ETH/USD) weekly forecast December 18 — 22, 2017
An additional signal for the growth of the cryptocurrency will be the test of the lower boundary of the rising channel. Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency due to the crossing of signal lines at level 314. The abolition of the Ethereum growth option would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 490, which would indicate a bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown of the level of 790.
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