Ethereum ETH/USD prediction and analysis for November 22, 2017

Ethereum ETH/USD is traded at the level of 360. Cryptocurrency is traded above the upper boundary, indicating a bullish trend in Ethereum. ETH signal line area test near level 355 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 380. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel.

Earlier, a strong signal was received for buy of Ethereum cryptocurrency due to the crossing of signal lines at level 307. Cancellation of the Ethereum growth scenario will be the breakdown of the lower boundary with the closing of quotes below the 3350 area indicating that the bullish trend is reversing in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the level of 375.

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