Ethereum ETH/USD is traded at the level of 294. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the level 300 is expected, from which we should expect a rebound and a fall attempt with a target at level 270.
Ethereum prediction & analysis ETH/USD on October 22, 2017
Earlier we received a weak signal for sell of the Ethereum cryptocurrency, by crossing the signal lines at level 332. The abolition of the Ethereum fall variant will be a breakdown the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 320, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown of the support level and closing below 280.
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