Ethereum ETH/USD is traded at the level of 296.73. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. The drop of quotations of ETH/USD to the level of 280.00 is expected, from which one should expect an attempt of growth and further development of the bullish trend on Ethereum with the target of growth near the level of 340.00.
Ethereum prediction & analysis ETH/USD on August 12, 2017
Earlier, we received a weak signal for the buying of the Ethereum cryptocurrency, due to the crossing of the signal lines at 192.00. Cancellation of the variant of growth 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 252.00, which will indicate the change of 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 328.00.
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