Ethereum ETH/USD is trading at 216.00. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates an bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level of 208.00 is expected to test the upper boundary of the cloud, from which one should expect an attempt of growth and further development of the bull tendency on Ethereum with the target of growth near the level of 256.00.
Ethereum ETH/USD prediction & analysis on August 2, 2017
Earlier, a weak signal was received for the buying of the Ethereum cryptocurrency, due to the intersection of the signal lines at the level of 191.61. Cancellation of the growth scenario of quotations Ethereum will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 184.00, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations on ETH/USD stands with the breakdown of the local maximum area at the level of 249.00.
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