Ethereum ETH/USD is trading at 712. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 685 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 845. In favor of the growth of the cryptocurrency, the upper bound of the downlink will perform.
Ethereum forecast & analysis ETH/USD on December 28, 2017
Earlier, a weak signal was received for buy of Ethereum cryptocurrency due to crossing of signal lines at 620. The cancellation of the Ethereum growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 620 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 800.
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