Ethereum ETH/USD is traded at the level of 642. 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 625 level, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at the level of 795.
Ethereum forecast & analysis ETH/USD on December 16, 2017
Earlier, a weak signal was received for buy of Ethereum cryptocurrency due to crossing of the signal lines at level 445. By abolishing the growth variant Ethereum there will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 545, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown of the level of 690.
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