Ethereum ETH/USD is traded at the level of 296. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo indicator lines near the level 290 is expected, from which one should expect a rebound and a growth attempt with a target at 340.
Ethereum prediction & analysis ETH/USD on October 2, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a strong signal was received for buy of Ethereum cryptocurrency due to crossing of signal lines at level 270. The cancellation of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 265, which will indicate 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 315.