Ethereum ETH/USD is traded at the level of 678. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 665 level is expected to be tested near the level of 665, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 820.
Ethereum forecast & analysis ETH/USD on January 1, 2018
Earlier, we received a weak signal for sell of Ethereum cryptocurrency due to intersection of signal lines at 675 level. Cancellation of the Ethereum growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 605, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 720.
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