Ethereum ETH/USD is traded at the level of 708. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the level of 700, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 810.
Ethereum forecast & analysis ETH/USD on December 19, 2017
Earlier, a strong signal was received for buy of Ethereum cryptocurrency due to crossing of signal lines at 660 level. there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 580, 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 720.
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