Ethereum ETH/USD is traded at the level of 1226. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 1170 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1400. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Ethereum forecast & analysis ETH/USD on January 29, 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. Cancellation of the Ethereum growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1000, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the level of 1300.
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