Ethereum ETH/USD is closing the trading week near the area of 392. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo indicator area signal lines are expected near the 350 level, from which it is expected to rebound and attempt to grow the cryptocurrency with a target at level 465. An additional signal in favor of the growth of the cryptocurrency will come from the support area test.
Ethereum weekly forecast on September 4 — 8, 2017
Earlier, a weak signal was received for buying of Ethereum cryptocurrency due to the crossing of signal lines at level 215. The cancellation of the Ethereum growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 260, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is worth a breakdown of the area 400.
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