Ethereum ETH/USD is traded at the level of 295. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 300, from which we expect a rebound and an attempt to continue the fall of the crypto currency with a target at the level of 270. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ethereum forecast & analysis ETH/USD on November 4, 2017
Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, by crossing the signal lines at level 300. The abolition of the Ethereum fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 310, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotes ETH/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 290.
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