Ethereum ETH/USD is closing the trading week near the 326 area. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 310 level, from which we expect a rebound and an attempt to grow the cryptocurrency with the target at 440 level.
Ethereum weekly forecast on October 16 — 20, 2017
Earlier, we received a medium strength signal for buy of Ethereum cryptocurrency due to crossing of the signal lines at level 275. By abolishing the growth variant Ethereum there will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 260, 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 limit of the model «Triangle» and closing above the level of 395.