Ethereum ETH/USD is traded at the level of 699. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 685 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 860.
Ethereum forecast & analysis ETH/USD on December 15, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the uplink. Earlier, a weak signal was received for purchases of Ethereum cryptocurrency due to crossing of signal lines at level 445. The abolition of the Ethereum growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 545, 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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