Ethereum ETH/USD is traded at the level of 300.30. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 290.00, from which one should expect an attempt of growth and further development of the bullish tendency on Ethereum with the target of growth near the level of 323.00.
Ethereum forecast & analysis ETH/USD on August 15, 2017
Earlier, a weak signal was received for sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 300.00. 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 quotations below the area of 267.00, 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 315.00.
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