Ethereum ETH/USD is traded at the level of 274. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. ETH/USD is expected to drop to the level of 257, from which it is expected to attempt an increase and further development of the bull tendency on Ethereum for the target of growth near the level of 305.
Ethereum ETH/USD prediction & analysis on August 9, 2017
Earlier, a weak signal for buying of the Ethereum cryptocurrency was obtained, by crossing the signal lines at level 191. Canceling the option the growth of Ethereum quotations will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 215, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for ETH/USD is with the breakdown of the local maximum area at 280.
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