Ethereum ETH/USD is traded at 953. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test of the Ichimoku Kinko Hyo signal line area near the 920 level is expected, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at the level of 1100. An additional signal in favor of the growth of the ETH/USD cryptocurrency will be the test of the lower boundary of the channel.
Ethereum forecast & analysis ETH/USD on January 6, 2018
Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the intersection 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 860, which indicates a change in the bullish trend in favor of a 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 1020.