Ethereum ETH/USD is traded at the level of 313. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 300 is expected to be tested near the level of 300, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 320.
Ethereum forecast & analysis ETH/USD on November 12, 2017
An additional signal in favor of the growth of quotations will be the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, by crossing the signal lines at level 307. Canceling the Ethereum growth scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 290, which would indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 305.
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