Ethereum Varies Below $1,220 as It Faces Strong Rejection

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 ETH) Current Statistics
The current price: $1,216.01
Market Capitalization: $148,863,230,544
Trading Volume: $3,033,346,219
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis January 3, 2022
Ethereum (ETH) is rising but varies below the $1,220 resistance as it faces strong rejection. The barrier at $1,220 and the moving average lines impede the upward movement. On December 27, buyers made fruitless attempts to maintain the price above the moving average lines. At the moment, buyers are having difficulty breaking through the moving average lines. Additionally, the biggest altcoin has entered the overbought area after reaching a high of $1,220. If the bulls break above the moving average lines, the bullish momentum will increase to the high of $1,300. If buyers are unable to break the previous high, the present range-bound trend will remain between $1,100 and $1,240.

Ethereum Varies Below $1,220 as It Faces Strong Rejection
ETH/USD – Daily Chart

ETH Technical Indicators Reading
For period 14, the Relative Strength Index stands at 48. Ether is in a bearish trend and may fall. The price bars are below the moving average lines, indicating further drop. The altcoin is trading at a daily Stochastic threshold of 40, and Ether is bullish above the daily Stochastic level of 70. If sellers appear in the overbought region, the altcoin will fall.

Conclusion
On the 4-hour chart, Ether varies below $1,220 as it faces strong rejection. The altcoin is currently trading below the $1,220 high resistance. A retraced candle body on the upward trend of January 2 tested the 78.6% Fibonacci retracement line. According to the retracement, ETH will increase before turning about at level 1.272 Fibonacci extension, or $1,230.75.Ethereum Varies Below $1,220 as It Faces Strong RejectionYou can purchase crypto coins here. Buy LBLOCK


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 *