Ethereum ETH/USD is trading at the level of 458. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 455 level is expected to be tested near the 455 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 555.
Ethereum forecast & analysis ETH/USD on December 5, 2017
An additional signal in favor of the growth of the cryptocurrency will be the formation of a bullish «Wolfe Wave» model at small time intervals.
Earlier, an average signal signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 458. The abolition of the Ethereum growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the 430 area, which will indicate a bullish in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 485.
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