Ethereum ETH/USD is trading at 224.23. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. The drop of quotations of ETH/USD to the level of 217.00 is expected, 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 259.00.
Ethereum ETH/USD prediction & analysis on August 5, 2017
Earlier, a weak signal was received for purchases of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 191.61. The cancellation of the growth scenario for Ethereum quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 190.00 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for ETH/USD is with the breakdown of the local maximum area at 251.00.
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