Ethereum ETH/USD is trading at 304.68. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 298.00, 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 343.00.
Ethereum forecast & analysis ETH/USD on August 21, 2017
Earlier, a medium strength signal was obtained for buying of the Ethereum cryptocurrency, by crossing the signal lines at 289.00. Cancellation of the growth scenario of quotations Ethereum will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 275.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for ETH/USD is with the breakdown of the local maximum area at 335.00.
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