Ethereum ETH/USD is trading at 1263. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 1170 level, from which it is expected to rebound and try to continue the growth of the cryptocurrency with the target at 1495.
Ethereum forecast & analysis ETH/USD on January 11, 2018
An additional signal in favor of growth will be the test of the lower border of the uplink. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 670.
The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 960, which will indicate a shift 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 upper boundary of the channel and the closing above the level of 1400.