Ethereum ETH/USD is trading at 1053. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 990 level is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target at the level of 1215.
Ethereum forecast & analysis ETH/USD on January 8, 2018
An additional signal in favor of the growth of the ETH/USD cryptocurrency will be a support level test. 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 quotes below the area of 840, which will indicate 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 1090.