Ethereum ETH/USD is traded at the level of 1179. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the level 1140 is expected, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target at 1450. An additional signal in favor of growth will be a test of the lower boundary of the channel.
Ethereum forecast & analysis ETH/USD on January 12, 2018
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 980, 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 upper boundary of the channel and the closing above the level of 1400.