Ethereum ETH/USD is traded at the level of 596. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 590 level, from which it is expected to rebound and try to grow ETH/USD with a target above the level of 675.
Ethereum forecast & analysis ETH/USD June 9, 2018
An additional signal in favor of the growth of the cryptocurrency will be the support area test, as well as the lower bound of the «Triangle» model. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, by crossing the signal lines at the level of 600.
The abolition of the growth scenario of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 550 area, which will indicate a shift in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 625.
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