Ethereum ETH/USD is closing the trading week near the area of 632. Cryptocurrency is trading 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 550 is expected, from which one should expect a rebound attempt and the continued growth of the cryptocurrency with a target at the level of 900.
Ethereum (ETH/USD) weekly forecast December 25 — 29, 2017
An additional signal for the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency due to the crossing of signal lines at level 314. 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 490, which would indicate a bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 770.
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