Ethereum ETH/USD is traded at the level of 459. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. A test of the Ichimoku Kinko Hyo signal line area near area 430 is expected, from which it is expected to rebound and try to continue the growth of the cryptocurrency with a target at level 505.
Ethereum forecast & analysis ETH/USD April 13, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area, as well as a test of the upper boundary of the channel. 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 385 level, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations ETH/USD is with the breakdown of the resistance area and the closure above the level of 490.