Ethereum ETH/USD is trading at the level of 297. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 295 is expected to be tested near the level of 295, from which we should expect a rebound and a growth attempt with a target at level 325.
Ethereum prediction & analysis ETH/USD on October 11, 2017
Earlier, we received a weak signal for sell of Ethereum cryptocurrency, by crossing the signal lines at level 298. By canceling the growth scenario Ethereum will breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 285, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown of the resistance level and the closure above the area of 315.
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