Ethereum ETH/USD is traded at 775. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the 740 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 910.
Ethereum forecast & analysis ETH/USD on December 20, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for the buy of Ethereum cryptocurrency due to the crossing of signal lines at 660. 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 the area of 580, which will indicate a 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 840.
