Ethereum ETH/USD completes trading week near area 683. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the level of 650 is expected, from which one should expect a rebound attempt and the continued growth of the cryptocurrency with a target at 900. An additional signal for the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Ethereum (ETH/USD) weekly forecast January 1 — 5, 2017
Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at 610 level. The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 490, which will indicate a change in the 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 760.
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