Ethereum ETH/USD is closing the trading week near area 331. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 295, from which one should expect a rebound and a growth attempt with a target at level 425. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel.
Ethereum weekly forecast on August 28 — September 1, 2017
Earlier, a weak signal was received for buying of Ethereum cryptocurrency due to the crossing of signal lines at level 215. The abolition of the Ethereum growth variant would be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 220, which would indicate an bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the area of 350.
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