Ethereum ETH/USD is traded at the level of 516. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the area 485 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 585.
Ethereum forecast & analysis ETH/USD April 14, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower 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 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 resistance area and the closing above the level of 535.