Ethereum ETH/USD is traded at the level of 293. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. Ichimoku Kinko Hyo indicator cloud is expected near the level 290, from which one should expect a rebound and a growth attempt with a target at level 345.
Ethereum prediction & analysis ETH/USD on October 5, 2017
Earlier, 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 275, which indicates a change in 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 «Triangle» model and closing above the level of 300.