Ethereum ETH/USD is traded at the level of 337. Cryptocurrency is traded 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 325 level, from which it is expected to rebound and try to grow at the level of 390. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel.
Ethereum prediction & analysis ETH/USD on October 17, 2017
Earlier, a medium strength signal was obtained for the buy of the Ethereum cryptocurrency, by crossing the signal lines at level 300. The abolition of the Ethereum growth scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 310, which would indicate an bullish trend in favor of a bearish. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 345.