Ethereum (ETH) Price Analysis – January 14

  • ETH will rise to reach the previous levels of $140 and $ 165 if the support level at $117.94 holds.
  • If the bears break the $117.94 price level, the crypto's price will fall to the previous lows of $102 and $110.                                                                                                               

Ethereum, ETHUSD, CryptoCompare chartEthereum Chart By Trading View

ETHUSD Medium-term Trend: Bearish

  • Resistance Levels: $230, $240, $250
  • Support Levels: $110, $100, $90   

Last week, the price of Ethereum was in a bullish trend as the crypto made unsuccessful attempts to break the $160 resistance level. On January 10, the bears broke the 12-day EMA, the 26-day EMA and the price fell to the low of $129.50 price level.  Later the crypto further depreciated to the low of $117.94.

This was the previous low of December 27, where the bearish trend made a reversal. On the upside, if the bulls take possession of price, the crypto will rise and reach the previous levels of $140 and $ 165. On the downside, if the bears break the $117.94 price level, the crypto's price will fall the previous lows of $102  and $110.

Meanwhile, the stochastic indicator is in the oversold region but below the 20% range which indicates that the price of Ethereum is in a bearish momentum and a sell signal.

ETHUSD Short-term Trend: Bearish         

Ethereum, ETHUSD, CryptoCompare chartEthereum Chart By Trading View           

On the 4-hour chart, the price of Ethereum was in a bearish trend zone. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to $127.44. At the low of $127.44, the crypto was making a range bound movement where it was resisted and the price fell to the low of $116.79.

If this support level holds the bulls will commence a bullish movement to the bullish trend zone. Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range. This indicates that the price of Ethereum is in a  bullish momentum and a buy-sell signal.

 

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