Ethereum ETH/USD is traded at the level of 290 and continues to move within the framework of the «Triangle» model development. Crypto currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in Ethereum. As part of the forecast of the digital currency exchange rate, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the 285 level, from which one should expect a rebound and an attempt to continue ETH/USD growth with a target higher than 335 level.
Ethereum forecast & analysis ETH/USD September 3, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a rebound from the upper limit of the «Triangle» model. Earlier, a strong signal was received for purchases of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 283.
The abolition of the growth scenario of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 265, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect the acceleration of the growth of quotations ETH/USD is with the breakdown of the resistance area and closing above the level of 310.
Ethereum forecast & analysis ETH/USD September 3, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the 285 level, from which it is expected to continue the growth of the Ethereum rate with a potential target near the level 335, the abolition of the growth variant will drop and the breakdown of the region 265, which will indicate on the continued decline in the digital currency.
