Key Highlights
Ethereum attains a peak price of $1,346 before the breakdown.
The bulls buy the dips but fail to sustain the uptrend
Ethereum ETH) Current Statistics
The current price: $1,111.96
Market Capitalization: $126,969,867,867
Trading Volume: $29,462,506,307
Major supply zones: $1,100, $!,200, $1,300
Major demand zones: $600, $500, $400
Ethereum (ETH) Price Analysis January 13, 2020
On January 11, Ethereum bulls bought the dips as the coin rose to $1,140 and pulled back. The crypto upward move was repelled yesterday. Today, buyers are attempting to break the current resistance. A break above the $1140 resistance will propel Ether to revisit the previous high at level $1346. However, the altcoin will be compelled to a range-bound movement if the bulls fail to break the recent high. The coin upside momentum is likely to be affected.
ETH Technical Indicators Reading
The crypto’s price has fallen to the support above 21-day SMA. If the 21-day support holds, it is an indication that the coin will rise. However, if the price breaks below the SMAs, it implies that Ether will fall. Ether has fallen to level 64 of the Relative Strength Index. The coin is in the uptrend zone and likely to rise.
Conclusion
Ethereum is likely to make a fresh uptrend after the recent breakdown. The Fibonacci tool has indicated a further upward movement of the coin. On January 9 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. It indicates that the market will rise to level 1.618 Fibonacci extensions or the high of $1741..
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.