Ethereum ETH/USD is traded at the level of 296. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 295, from which we expect a rebound and an attempt to continue growth with a target at level 325.
Ethereum forecast & analysis ETH/USD on November 2, 2017
Earlier, we received a medium strength signal for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 294. By canceling the growth scenario Ethereum there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 290, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of level 310.
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