Ethereum ETH/USD is traded at the level of 291. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo indicator cloud is expected near the level of 285, from which one should expect a rebound and a growth attempt with a target at level 345.
Ethereum prediction & analysis ETH/USD on October 4, 2017
Previously, a strong signal was received for buy of Ethereum cryptocurrency, by crossing the signal lines at level 292. By canceling the growth scenario of Ethereum, breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 275, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH USD stands with the breakdown of the upper boundary of the Cloud and the closing above the level of 300.