Ethereum ETH/USD is traded at 913. 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 890, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1105. An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the lower boundary of the channel.
Ethereum forecast & analysis ETH/USD on February 19, 2018
Earlier, a medium strength signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at 820 level. The abolition of the Ethereum growth option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 815, 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 resistance area and closing above the level of 980.
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