Ethereum ETH/USD is traded at the level of 704. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo signal line area test is expected near the 675 level, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 820.
Ethereum forecast & analysis ETH/USD on January 2, 2018
Earlier, a strong signal was received for the buy of Ethereum cryptocurrency due to the crossing of signal lines at 670 level. Cancellation of the Ethereum growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 605, 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 limit of the model «Triangle» and closing above the level of 720.