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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: Learn2Trade.com 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
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