Ethereum ETH/USD is traded at 668. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 635, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 775. In favor of the growth of the cryptocurrency, the upper bound of the downlink will perform.
Ethereum forecast & analysis ETH/USD on December 29, 2017
Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at 620 level. The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 600, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations ETH/USD stands with a breakdown of the level of 740.
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