Ethereum ETH/USD is traded at 628. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the area of 600, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target at 760 level.
Ethereum forecast & analysis ETH/USD April 27, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel, and such is the test of the support area. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 515.
The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 545, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations ETH/USD stands with the breakdown of the resistance area and the closing above the level of 680.
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