Ethereum ETH/USD is traded at the level of 908. 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 expected near the level of 890, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at 990. An additional signal in favor of the growth of the ETH/USD cryptocurrency will be the test of the lower border of the uplink.
Ethereum forecast & analysis ETH/USD on January 5, 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 quotations below the area of 790, 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 local maximum and closing above the level of 930.