Ethereum ETH/USD is trading at the level of 1149. 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 1385.
Ethereum forecast & analysis ETH/USD on January 10, 2018
Earlier, a strong signal was received for the buy of Ethereum cryptocurrency due to the crossing of signal lines at 670 level. 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 920 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 1200.