Ethereum ETH/USD is traded at the level of 296. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the 310 level is expected, from which one should expect a rebound and a fall attempt with a target at the level of 280. An additional signal in favor of the fall of the cryptocurrency will come out of the resistance level.
Ethereum prediction & analysis ETH/USD on October 20, 2017
Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, by crossing the signal lines at level 332. The abolition of the Ethereum fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 335, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown level 285.
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