Ethereum ETH/USD is traded at the level of 1029. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The Ichimoku Kinko Hyo signal line area test is expected near the 985 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 1165. An additional signal in favor of the growth of the ETH/USD cryptocurrency will be a support level test.
Ethereum forecast & analysis ETH/USD on January 9, 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 quotes below the area of 840, which will indicate a shift in the bullish trend in favor of a downward trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the local maximum and closing above the level of 1100.