Ethereum ETH/USD is traded at the level of 790. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 750 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 930.
Ethereum forecast & analysis ETH/USD on December 22, 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 745. The abolition of the Ethereum growth option will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 630, which will indicate a bullish trend in favor of a bearish. Expect to accelerate the growth of quotations ETH/USD is with the breakdown of the level of 850.
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