Ethereum ETH/USD is traded at 774. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the level 745 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 930.
Ethereum forecast & analysis ETH/USD on December 21, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for the buy of Ethereum cryptocurrency due to the crossing of signal lines at 660. The abolition of the Ethereum growth option would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 630, which would indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown of the level of 820.
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