Ethereum ETH/USD is traded at 644. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the area of 640, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 800 level.
Ethereum forecast & analysis ETH/USD May 2, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a strong signal was received for buy of the Ethereum, due to the crossing of the signal lines at the level of 650.
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 600, 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 710.
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