Ethereum ETH/USD is traded at 426. 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 of 435, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 380.
Ethereum prediction & analysis ETH/USD on December 1, 2017
An additional signal in favor of the fall will be a 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 465. By canceling the Ethereum fall variant, the upper boundary of the Ichimoku Kinko Hyo Cloud will break with the closing of quotes above area 465, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 405.
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