Ethereum ETH/USD is closing the trading week near the area of 1200. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo is expected to test the area of the Ikimoku Kinko Hyo near the 1100 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 1400. An additional signal to benefit from the growth of the cryptocurrency will be a test of the support level.
Ethereum (ETH/USD) forecast January 29 — February 2, 2018
Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to crossing of the signal lines at the level of 1050. 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 the area of 880, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the level of 1300.
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