Ethereum ETH/USD is traded at the level of 262. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Ethereum. ETH/USD is expected to decline to 240 levels, from which it is expected to attempt an increase and further development of the bullish tendency on Ethereum for the target of growth near the level of 300.
Ethereum ETH/USD prediction & analysis on August 8, 2017
Earlier, a weak signal was received for buying of the Ethereum cryptocurrency, due to crossing of the signal lines at 191. An additional signal In favor of an bullish trend will test the area of support. The cancellation of the growth of Ethereum quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 215, 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 275.
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