Ethereum ETH/USD is traded at the level of 264. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The test of the upper bound of the Cloud of the indicator near the level of 260 is expected, from which one should expect a rebound and an attempt of growth with a target at 320. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Ethereum forecast & analysis ETH/USD on September 23, 2017
Earlier, a weak signal was received for the sale of the Ethereum cryptocurrency, by crossing the signal lines at level 271. The cancellation of the Ethereum growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 245 area, which indicates 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.