Ethereum ETH/USD is traded at the level of 1131. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 1100 level, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1350. 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 31, 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 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 is with a breakdown of the level of 1260.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
