Ethereum ETH/USD is traded at 481. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level 460, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 570.
Ethereum forecast & analysis ETH/USD on December 10, 2017
Earlier, we received a weak signal for buy of Ethereum cryptocurrency due to crossing of the signal lines at level 445. By abolishing the growth variant Ethereum there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 430, 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 level of 500.
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