Ethereum ETH/USD is trading at the level of 352.12. 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 350.00, from which one should expect an attempt of growth and development of the bullish trend on Ethereum with a target of growth near the level of 440.00.
Ethereum forecast ETH/USD on June 18, 2017
Earlier, a medium strength signal was received for the buying of the cryptocurrency Ethereum, due to the crossing of the signal lines at the level of 342.00. 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 quotes below the area of 300.00, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations by ETH/USD is with the breakdown of the local maximum area at the level of 410.00.
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