Ethereum (ETH) Price Analysis for January 13


Bulls remain more powerful then bears, according to CoinMarketCap.

Top coins by CoinMarketCap


The rate of Ethereum (ETH) is rising faster than Bitcoin (BTC), going up by 2.26%.

ETH/USD chart by TradingView

On the hourly chart, the rate of Ethereum (ETH) has been trading in a narrow range today. At the moment, one should pay attention to the daily closure. If it occurs closer to the resistance than to the support, the breakout of the $1,418 mark may be a repreqsuite for a rise to the $1,430 zone.

ETH/USD chart by TradingView

On the daily time frame, the price of trading is within yesterday’s candle, which means that the main altcoin needs more time to accumulate power for a further move. In this case, sideways trading in the area of $1,400-$1,430 is the more likely scenario for the next few days.

ETH/USD chart by TradingView

On the bigger chart, the price is about to close above the nearest support level at $1,352. If that happens, the next level at which buyers might find trouble is the resistance at $1,503 that serves the mirror level.

Ethereum is trading at $1,415 at press time.

#Ethereum #ETH #Price #Analysis #January

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