Ethereum ETH/USD is traded at 289. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo indicator lines are expected near the 280 level, from which one should expect a rebound and an attempt to grow with a target at 340. An additional signal in favor of the growth of the cryptocurrency is the assurance of the formation of the «Head and Shoulders» reversal pattern.
Ethereum prediction & analysis ETH/USD on September 28, 2017
Earlier, a strong signal was received for buy Ethereum cryptocurrency due to intersection of signal lines at level 270. The abolition of the Ethereum growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 260, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 300.