Ethereum ETH/USD is completing the trading week near the area of 1051. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 960 level is expected, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 1450.
Ethereum (ETH/USD) weekly forecast January 8 — 12, 2018
An additional signal for the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at 610 level. The cancellation 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 650, which will indicate a shift 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 level of 1250.