Ethereum ETH/USD is trading at 1112. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 1070 level is expected to be tested near the level of 1070, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1270. 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 January 28, 2018
Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 990. 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 920 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 is worth a breakdown of the level of 1200.
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