Ethereum ETH/USD is traded at 288. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo indicator signal lines is near the level of 275, from which one should expect a rebound and an attempt of growth with a target at 340. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Ethereum prediction & analysis ETH/USD on September 26, 2017
Earlier, a strong signal was received for the buying of Ethereum cryptocurrency due to the crossing of signal lines at level 270. The cancellation of the Ethereum growth scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 245, which would indicate an bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 300.