Ethereum (ETH) Price Analysis – January 25

  • The ETH price trades below the EMAs or below $120  in the bearish rectangular block.
  • If the bulls break above the EMAs and the price is sustained, the crypto will reach the highs of $130 and $160.

ETHUSD Medium-term Trend: Ranging

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

From the daily chart, the price of Ethereum was trading in the bearish trend zone. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $129.50. Thereafter, the crypto had been trading below the exponential moving averages. In the same vein, the bulls have not been able to break above the EMAs.

Today, the crypto's price is trading at a price of $117.20. All the price bars in the rectangular block are trading below the $120 price level. On the downside, as long as the crypto's price is below the EMAs, Ethereum will be trading below the $120 price level. On the upside, if the bulls break above the EMAs, the crypto will reach the highs of $130 and $160 price level.

Meanwhile, the stochastic is out of the oversold  egion but above the 20% range which indicates that the ETH is in a bullish momentum and a buy signal.

ETHUSD Short-term Trend: Ranging       

Ethereum, ETHUSD, CryptoCompare chartEthereum Chart By Trading View          

On the 4-hour chart, the price of Ethereum is in a bearish trend zone. The crypto's price is below the 12-day EMA and the 26-day EMA  which indicates that the price is likely to fall. In the same vein, the 12-day EMA and the 26-day EMA provides resistance to the crypto's price. On January 24, the bulls reached the high of $119.25 and were resisted by the 26-day EMA.

While at the lower level, the crypto's price was resisted by the 12-day EMA. Meanwhile, the stochastic indicator is out of the overbought region but below the 60% range which indicates that the ETH price  is in a bearish momentum and a sell signal.                                   

 

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