Ethereum ETH/USD is trading at 930. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 890, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1085. 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 21, 2018
Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 920. 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 quotations below the 825 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 stands with the breakdown of the resistance area and closing above the level of 980.
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