Ethereum ETH/USD is traded at the level of 674. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the area of 640, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 850.
Ethereum forecast & analysis ETH/USD April 28, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. 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 to accelerate the growth of quotations ETH/USD stands with a breakdown of the upper limit of the model «Triangle» and closing above the level of 700.
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