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Ethereum forecast ETH/USD for tomorrow 02/03/2021

Ethereum forecast for February 3 is based on the ETH/USD rate of 1435.

Ethereum quotes are in an upward trend, which is confirmed by the location relative to the cloud of the Ichimoku indicator. Also, the blue fast line of the indicator broke through from the bottom up the red interdenal line, which is an additional confirming factor for the growth of the cryptocurrency.

Ethereum forecast ETH/USD for tomorrow 02/03/2021

The resistance level is the recent all-time high of $ 1475. If the ETH/USD rate consolidates above the resistance level, this will mean an attempt to test the upper boundary of the ascending channel at $ 1600.

The support level for Ethereum will be the accumulation of the Ichimoku indicator lines at $ 1360. In case of breaking the support level, the Ethereum rate will tend to the lower border of the Ichimoku cloud, $ 1260.

Thus, the Ethereum forecast for February 3 assumes a continuation of the upward trend, in order to test the resistance level of $ 1600.


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