Ethereum ETH/USD is traded at 921. 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 expected near the level of 875, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1080. An additional signal in favor of the growth of the cryptocurrency is the breakdown of the upper limit of the «Triangle» model.
Ethereum forecast & analysis ETH/USD on February 16, 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 an acceleration in the growth of quotations ETH/USD stands with the breakdown of the resistance area and closing above the level of 1000.
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