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’s lower bound is expected near the level of 297, from which one should expect a rebound and a fall attempt with a target at level 265.
Ethereum prediction & analysis ETH/USD on October 26, 2017
Earlier, a weak signal was received for buy of Ethereum cryptocurrency due to the crossing of signal lines at level 292. By abolishing the Ethereum fall variant, the Ichimoku Kinko Hyo Cloud borders 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 level of 285.
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