Ethereum ETH/USD is traded at the level of 652. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. A test of the Ichimoku Kinko Hyo signal line area near the 630 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 825.
Ethereum forecast & analysis ETH/USD on December 17, 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 the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 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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