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Ethereum ETH/USD Forecast and Analysis February 12, 2021

The Ethereum price forecast for February 12 is made with the quotes of the main altcoin of $ 1800.

ETH/USD is in an upward trend. This is evidenced by the finding of the cryptocurrency chart above the Ichimoku cloud. An additional signal is the location of the indicator signal lines. The fast blue line broke through the slow red line from the bottom up.

Ethereum quotes are in an upward channel. The upper limit of the channel is $ 2000 for one Eth.

Ethereum ETH/USD Forecast and Analysis February 12, 2021

The support level for the Ethereum rate will be the red slow line of the Ichimoku indicator at $ 1660.

The resistance level is 1840. This is the absolute maximum for today. If the level of 1840 is broken, the path to the $ 2000 mark opens in front of the cryptocurrency.

A short-term rollback to the support area is possible as part of the further development of the upward trend. This will show the strength of buyers and their willingness to go for Ethereum at prices approaching 2000.

Thus, the Ethereum forecast for February 12 suggests a short-term rollback to the 1660 area, followed by a rebound and an attempt to continue the upward trend.

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