Ethereum ETH/USD is traded at the level of 455. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the 450 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 530.
Ethereum prediction & analysis ETH/USD on November 27, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Previously, a strong signal was received for the buy of Ethereum cryptocurrency due to the crossing of signal lines at level 307. The abolition of the Ethereum growth scenario will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 390, which will indicate a bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations ETH/USD stands with a breakdown of the level of 490.
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