Ethereum ETH/USD is traded at 687. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 700 is expected to be tested near the level of 700, from which we expect a rebound and an attempt to drop the cryptocurrency with a target at 580.
Ethereum forecast & analysis ETH/USD on December 26, 2017
Earlier, we received a weak signal for buy of Ethereum cryptocurrency due to the crossing of signal lines at 620. The abolition of the Ethereum fall breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 760, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown of the level of support and closing below the level of 560.
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