Ethereum ETH/USD is trading at 255. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test of the upper bound of the Cloud of the indicator near the level of 280 is expected, from which one should expect a rebound and attempt to fall with the target at level 205. An additional signal in favor of the drop of the cryptocurrency will come from the test of the resistance area, as well as the test of the upper boundary of the bearish channel.
Ethereum prediction & analysis ETH/USD on September 17, 2017
Earlier, a strong signal was received for the sales of the Ethereum cryptocurrency, by crossing the signal lines at level 312. The cancellation 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 the 300 area, 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 of the level of 235.
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