Ethereum ETH/USD is traded at 421. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the area 400 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 455.
Ethereum forecast & analysis ETH/USD April 12, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, 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 change in the bullish trend in favor of a bearish trend. Expect the acceleration of 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 445.