Ethereum ETH/USD is traded at the level of 705. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 710 level is expected to be tested near the level of 710, from which we expect a rebound and attempt to drop the cryptocurrency with a target at 580.
Ethereum forecast & analysis ETH/USD on December 27, 2017
Earlier, we received a weak signal for buy of Ethereum cryptocurrency, by crossing the signal lines at 620 level. breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 760, which indicates the change of the bearish trend in favor of the bullish. 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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