Ethereum (ETH) Rally Extends Into a Familiar Path of Support in Advance of $150 Level


ETHUSD Price Analysis – January 7

A thick zone of support levels should be noted in the former zone of price consolidation for the second cryptocurrency, which was established between November 23 – December 15 before the breakthrough occurred. Now it acts as a barrier at the level of $ 140-155.

Key Levels
Resistance Levels: $ 160, $ 155, $ 150
Support Levels: $ 140, $ 130, $ 125

ETHUSD Long term Trend: Bearish

ETHUSD is right now slanting on the level at $ 143.65 while it affirms not just the opposition ahead on the price level at $ 150, yet besides, 5 and 13 moving averages are overstretched.

Then, Ethereum has all-around contradicted the pattern in bitcoins in the last few sessions, albeit the present specialized circumstance makes things progressively confounded.

ETHUSD Short term Trend: Bullish

Although in a while ETH is experiencing a short-term uptrend, this may just be a correction, as medium-term and long-term trends are still bearish.

After the current price, the first key resistance level is at $ 150, the second at $ 155, and the third at $ 160. Below the current price, the first support level is $ 140, the second is $ 130, and the third is $ 125.

Instrument: ETHUSD
Order: Sell
Entry price: $ 145.25
Stop: $ 150
Target: $ 130

Note: 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 results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • 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
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
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.