Ethereum ETH/USD is traded at the level of 454. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 450 level is expected to be tested near the 450 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 500.
Ethereum forecast & analysis ETH/USD on December 11, 2017
Earlier, a weak signal was received 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 420, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 505.
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