Ethereum forecast & analysis ETH/USD on December 8, 2017


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Ethereum ETH/USD is traded at 412 level. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 430 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 370.

Ethereum forecast & analysis ETH/USD on December 8, 2017

Ethereum forecast & analysis ETH/USD on December 8, 2017

Earlier, we received a weak signal for sell of the Ethereum cryptocurrency, by crossing the signal lines at 460 level. there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​465, which indicates the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETH/USD is worth a breakdown of the support level and closing below 390.

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