Ethereum ETH/USD is traded at the level of 883. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 845 level, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1020. An additional signal in favor of the drop of the cryptocurrency will come from the upper bound of the «Triangle» model.
Ethereum forecast & analysis ETH/USD on February 15, 2018
Earlier, a medium strength signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at 820 level. The cancellation of the Ethereum growth option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 750 area, 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 the breakdown of the resistance area and closing above the level of 900.
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