Ethereum (ETH) Ether Faces Rejection from $3,800 High, Resumes Selling Pressure

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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.

Ethereum (ETH) Ether Faces Rejection from $3,800 High, Resumes Selling Pressure
ETH/USD – Daily Chart

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.

Ethereum (ETH) Ether Faces Rejection from $3,800 High, Resumes Selling Pressure
ETH/USD – Daily Chart


You can purchase crypto coins here. Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

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.

Leave a Reply

Your email address will not be published. Required fields are marked *