Ethereum ETH/USD is traded at level 407. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test of the upper boundary of Ichimoku Kinko Hyo Cloud near the area 395 is expected, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 450.
Ethereum forecast & analysis ETH/USD April 11, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of the Ethereum crypto currency, by crossing the signal lines at level 385.
The abolition of the Ethereum growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the 370 level, indicating a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the bullish channel and the closing above the level of 450.