Ethereum ETH/USD is traded at 285. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. It is expected to test the area of the signal lines of the indicator near the level of 275, from which we should expect a rebound and an attempt at growth at the level of 360. An additional signal in favor of the growth of the cryptocurrency is the test of the support area, as well as the formation of the «Head and Shoulders» reversal model.
Ethereum forecast & analysis ETH/USD on September 22, 2017
Earlier, a weak signal was received to buy the Ethereum cryptocurrency, by crossing the signal lines at level 247. Canceling the Ethereum growth option would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 240, which would indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 300.