Category: Ethereum

Ethereum is in a sideways trend
The altcoin trades between $3,000 and $3,400

Ethereum ETH) Current Statistics
The current price: $3,135.91
Market Capitalization: $369,959,674,234
Trading Volume: $13,876,892,629
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis January 19, 2022
Ethereum’s (ETH) price is in a range-bound move as demand and supply reach equilibrium. Since January 8 price slump, the bearish trend has subsided as the altcoin resumed a sideways move between $3,000 and $3,400. For the past week, Ethereum has been trading in a confined range. Since January 16, the altcoin has been falling after retesting the resistance at $3,400. Today, Ether has fallen to the low of $3,049 and it is pulling back to resume upward. This has been the price action since January 8. A breakout or breakdown will cancel the range-bound movement.

ETH Technical Indicators Reading
Ether is at level 35 of the Relative Strength Index for period 14. The largest altcoin is still in the downtrend zone. The 21-day SMA and 50-day SMA are sloping southward indicating the downtrend. Ether is above the 25% range of the daily stochastic. It indicates that Ether is in a bullish momentum. Buyers are emerging in the oversold region to push prices upward.


Conclusion
On the 4-hour chart, ETH/USD is in a sideways trend as demand and supply reach equilibrium. For the past two weeks, the largest altcoin has been in the range-bound move between $3,000 and $3,400 price levels. A range-bound trader can follow the sideways trend and initiate corresponding orders. Presently, Ether is trading at a lower price range. A trader ought to initiate a long order at the support level and exit the order at the resistance zone. Similarly, if Ether faces rejection at the resistance level, a short-order ought to be initiated and you exit the order at the support level.

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Ethereum price Long-term Analysis: Bearish
Ethereum’s (ETH) price is in a downward correction as price finds support above the 50-day line moving average. Today, the largest altcoin is making an upward move. In retrospect, in its initial launching, Ethereum attained a peak price of $1,424 in January 2018. After attaining a peak price, the uptrend was terminated as the market reached an overbought region. Ether declined to $100 support and resumed a fresh uptrend. In January 2021, the overhead resistance at $1,424 was breached as the altcoin reached a new high of $4,864. Today, the market is declining because the bulls failed to break above the $4,400 overhead resistance. The overhead resistance is the historical price level of May 10, 2021. Ethereum has retraced and found support above $3000 support.

ETH Technical Indicators Reading
On the weekly chart, Ether is below the 20% range of the daily stochastic. The altcoin has reached the oversold region of the market. It implies that the selling pressure is likely to end. Buyers have already emerged to push the altcoin to the previous highs. Nevertheless, on the monthly chart, Ethereum is at level 63 of the Relative Strength Index for period 14. The altcoin is in the bullish trend zone and capable of a further upward move.

Ethereum (ETH) Medium-term Trend: Bullish
On the monthly chart, Ethereum is in an uptrend as the price bars are above the moving averages. Meanwhile, on November 1 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that Ether will rise to level 1.618 Fibonacci extension or $7,844.60.

What Is the Next Move for Ethereum (ETH)?
Ethereum has begun the resumption of an upward move after finding support above the 50-day line moving average. The largest altcoin has recovered above the $3,000 support. According to the Fibonacci tool analysis, this year, Ether will reach a high of $7,844.

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Ethereum declines to $3,436
Ether resumes selling pressure

Ethereum ETH) Current Statistics
The current price: $3,460.70
Market Capitalization: $411,968,284,291
Trading Volume: $20,429,496,320
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis January 5, 2021
Ethereum’s (ETH) price falls and resumes selling pressure. The bears faced rejection at $3,800 to resume selling pressure. Since the downtrend on November 9, Ether’s price has been making a series of lower highs and lower lows. Today, the market has fallen to the low of $3,534. The market is expected to make another lower low of $3,270. Ether will revisit the previous low of $3,436. The largest altcoin will further decline if it breaks below $3,436.

ETH Technical Indicators Reading
Ether‘s price is below the moving averages which indicates that the altcoin will further decline. Because of the recent decline, Ethereum is at level 34 of the Relative Strength Index for period 14. The market is approaching the oversold region of the market. ETH/USD has fallen below the 20% range of the daily stochastic. The selling pressure will soon end.

Conclusion
ETH/USD has resumed selling pressure after rejection from the $3,800 high. Meanwhile, on December 30 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extensions or $3,270.77.

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Highlights
Ethereum plunges to $3,606
Ether faces rejection at $3,850 high

Ethereum ETH) Current Statistics
The current price: $3,795.73
Market Capitalization: $452,343,118,854
Trading Volume: $10,046,065,017
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price January 2, 2022
Ethereum (ETH) price is in a downtrend and it may revisit $3,452 low. Since November 9 price rejection, the market has continued the downward move. Ether’s price has continued to make a series of lower highs and lower lows as the altcoin reached the low of $3,606. At the current support, the bulls bought the dips as price resumes upward. The current uptrend is likely to face resistance at the $3,850 price level. Nevertheless, the downtrend will resume if the altcoin faces rejection at the $3,850 high.

ETH Technical Indicators Reading
Ether’s price bars are below the 21-day line SMA and the 50-day line SMA indicating a possible fall of the altcoin. Ether is falling now at the $3,850 resistance. Ether is at level 43 of the Relative Strength Index for period 14. The altcoin is trading in the downtrend zone and may fall.
The largest altcoin is below 50% area of the daily stochastic. The market is in a bearish momentum.

Conclusion
The largest altcoin is falling to the downside and it may revisit $3,452 low. Presently, it is facing rejection at the $3,850 high. Meanwhile, on November 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extensions or $3,452 price level. From the price action, Ether has reached the low of $3,606 and has made an upward correction.

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Highlights
Ethereum loses $4,000 support
The largest altcoin targets level $3,486 low

Ethereum ETH) Current Statistics
The current price: $3,670.24
Market Capitalization: $436,567,256,298
Trading Volume: $44,577,725,594
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis December 29, 2021
Ethereum (ETH) price continues its downward move after losing the $4,000 psychological price level but targets level $3,486 low. On December 27, the largest altcoin faced rejection at the high of $4,100 after buyers failed to keep the price above the $4,000 high. Ether declined to the low of $3,736.10 at press time. The largest altcoin is approaching the previous low at $3,710. Ethereum will further decline if the previous low is breached. The market will decline to the recent low at $3,436.

ETH Technical Indicators Reading
The recent decline of the altcoin has pushed Ether to level 39 of the Relative Strength Index for period 14. Ether is falling and approaching the oversold region of the market. Ether’s price bars are below the 21-day line SMA and the 50-day line SMA indicating a possible fall of the altcoin. The largest altcoin is below 50% area of the daily stochastic. The market is in a bearish momentum.

Conclusion
Ethereum has resumed a downward move after the recent rejection at the $4,100 high but targets level $3,486 low. Meanwhile, on December 10 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extension or $3,486 price level.

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Highlights
Ethereum consolidates above the $4,000 support
The largest altcoin targets level $4,407

Ethereum ETH) Current Statistics
The current price: $4,071.70
Market Capitalization: $484,153,366,999
Trading Volume: $9,651,754,787
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis December 26, 2021
Ethereum is still in a downward correction but rises marginally upward. Ether’s price breaks above the 21-day line moving average. It is consolidating above the $4,000 support for a possible upward move. If buyers push the largest altcoin above the 50-day line moving average, the crypto will resume upside momentum. The market will rise to revisit the previous highs of $4,400 and $4,800. Conversely, if Ether rises and faces rejection at the 50-day line moving average, the coin will be compelled to a range-bound move. Ether price will be fluctuating between the two moving averages.

ETH Technical Indicators Reading
Ether is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand.
Ether’s price bars are fluctuating above 21-day line SMA but are below the 50-day line SMA indicating a range-bound move. The largest altcoin is above 40% area of the daily stochastic. The bullish momentum is unstable.

Conclusion
Ethereum is trading horizontally but rises marginally upward. The price action is characterized by small body candlesticks. This current price movement will be in a range-bound move. The largest altcoin is facing rejection at $4,154 price level. The uptrend will resume if the recent high is breached. Meanwhile, on December 23 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ether will rise to level 2.0 Fibonacci extensions or $4,407 price level.

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Highlights
Ethereum faces rejection at $4076
The largest altcoin is in a sideways move

Ethereum ETH) Current Statistics
The current price: $3,996.69
Market Capitalization: $474,986,682,766
Trading Volume: $13,969,787,417
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis December 22, 2021
Since December 17, the bearish pattern of Ethereum was interrupted as it was unable to sustain above $4,076. Initially, Ether’s price was making a series of lower highs and lower lows. On December 17, the ETH price was in a sideways move. Presently, Ether’s price is facing rejection at the 21-day SMA. The market will decline to the downside if it faces rejection at the recent high. On the other hand, if the bulls break above the moving averages, the altcoin will resume an uptrend. Ether will revisit the previous highs of $4,800.

ETH Technical Indicators Reading
Ether has risen to level 45 of the Relative Strength Index for period 14. This is because Ether’s price corrected up to $4,076 high. It is currently facing rejection at a recent high. The RSI will drop if the crypto declines. The largest altcoin is below 50% area of the daily stochastic. The bearish momentum is unstable. The daily stochastic bands are sloping horizontally indicating the sideways move.

Conclusion
Ethereum is in a downward move as it was unable to sustain above $4,076. Presently, the Ether is in a sideways move. Ether is facing rejection at the recent high. Meanwhile, on December 6 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extensions or $3,161.56.

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Highlights
Ethereum struggles below the $4,000 resistance
The largest altcoin may further decline

Ethereum ETH) Current Statistics
The current price: $3,970.46
Market Capitalization: $471,666,880,047
Trading Volume: $20,309,078,095
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis December 19, 2021
Ethereum’s (ETH) price is still trading in the bearish trend zone and it may decline sharply. Ether is falling gradually after the December 4 price slump . Since December 17, the downward move has been interrupted. The current downtrend is to make other lower lows after the rejection at a lower high of $4097. Today, the candlesticks appear to be consolidating below the $4,000 resistance. If buyers fail to break above the recent high, the largest altcoin will encounter a sharp decline.

ETH Technical Indicators Reading
The cryptos downtrend has been marginal as Ether remains at level 44 of the Relative Strength Index for period 14. The market is still in the downtrend zone and capable of falling to the downtrend. Presently, the moving averages are sloping horizontally. The largest altcoin is below 50% area of the daily stochastic. The bearish momentum is unstable.

Conclusion
Ethereum is in a downward move and it may decline sharply. Sellers are attempting to push the altcoin to revisit the previous low of the December 4 price slump. Meanwhile, on December 18 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extensions or $3,096.26.

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Highlights
Ethereum price makes a series of lower highs and lower lows
Ether targets $3,436 low

Ethereum ETH) Current Statistics
The current price: $3,822.88
Market Capitalization: $453,538,032,007
Trading Volume: $17,865,643,108
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis December 15, 2021
Ethereum’s (ETH) price is in a downward move. After the December 4 price collapse, ETH price was making a series of lower highs and lower lows. At the lower low, ETH plunged to $3,436 as bulls bought the dips. The price corrected upward to make lower highs of $4,455. Thereafter, the downtrend resumes on the downside. Today, the bearish pattern is interrupted as Ether fails to resume upward. Nonetheless, Ether is likely to revisit the previous low of $3,436.

ETH Technical Indicators Reading
Ether is at level 41 of the Relative Strength Index for period 14. It indicates that the market is in the downtrend zone and below the centerline 50. The crypto’s price is below the moving averages which indicates that the altcoin is in the downtrend zone. The largest altcoin is below 50% area of the daily stochastic. The bearish momentum is unstable.

Conclusion
Ethereum is making a downward move as price revisits the previous low of $3,436. Meanwhile, on December 11 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extensions or $3,425.08. From the price action, Ether has fallen to $3,854 at the time of writing.

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• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

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• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

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• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$200 Min Deposit

9

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• Award-winning Cryptocurrency trading platform
• 14 Cryptoassets available to invest in
• FCA & Cysec regulated

$200 Min Deposit

9.8

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Highly volatile unregulated investment products. No EU investor protection.

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$100 Min Deposit

9.8

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• Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
• Zero commissions and no bank fees on transactions
• Around the clock service with support in 14 languages

$100 Min Deposit

8.5

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• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

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Azeez Mustapha

5

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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