Ethereum is trading at 166.79 and continues to move as part of growth. ETH/USD cryptocurrency moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend on Ethereum. As part of the Ethereum course forecast for April 8, 2019. The test of the upper border of the Ichimoku Kinko Hyo Cloud is expected near the 165.00 level. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 180.00.
Ethereum Forecast and Analysis ETH/USD April 8, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 164.65. The nearest resistance area is located at 175.55. The area of support for ETH/USD is located at 164.55.
The cancellation of the Ethereum cryptocurrency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 158.00 area. Such a scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 175.45.
Ethereum Forecast and Analysis ETH/USD April 8, 2019 imply an attempt to develop a cryptocurrency correction and a test of 165.00. Where can we expect to continue the growth of Ethereum with a potential target near the level of 180.00. Cancellation of the lifting option will be the fall and breakdown of the area of 158.00. This will indicate a continued decline in the rate of digital currency with a potential target below the level of 135.55.