Ethereum ETH/USD is testing the area at level 270. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 260 is expected to be tested near the level of 260, from which one should expect an attempt to grow and further develop the bullish tendency on Ethereum with a view to growth near 400.
ETHEREUM forecast & analysis ETH/USD on August 2017
Earlier, a weak signal was received for sales of the Ethereum cryptocurrency, due to the crossing of signal lines at 200 level. A signal in favor of the bullish trend is the breakdown of the support area at the level of 245. The abolition of the variant of the growth of quotations Ethereum in August 2017 will be the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area 200 that will indicate the shift an bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations on ETH/USD is with the breakdown of the area of 320.
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