Ethereum ETH/USD is traded at 667. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 655 is expected to be tested near the level of 655, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 815.
Ethereum forecast & analysis ETH/USD on December 31, 2017
Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at 675 level. The cancellation 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 area 610, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 720.
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