Ethereum (ETH/USD) weekly forecast December 4 — 8, 2017


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Ethereum ETH/USD completes trading week near area 475. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 435 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 600.

Ethereum (ETH/USD) weekly forecast December 4 — 8, 2017

Ethereum (ETH/USD) weekly forecast December 4 — 8, 2017

An additional signal to benefit from the growth of the cryptocurrency will be a test of the support level. 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 scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 380, which would indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 500.

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