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<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
The drop of the coins has affected the total market capitalization, which has dropped below $1 trillion and is now $943 billion.
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/">Cryptocurrency market capitalization</a>
The relevant data for Ethereum is looking the following way:
<ul>
<li aria-level="1" dir="ltr">
Name: Ethereum
</li>
<li aria-level="1" dir="ltr">
Ticker: ETH
</li>
<li aria-level="1" dir="ltr">
Market Cap: $143,110,153,054
</li>
<li aria-level="1" dir="ltr">
Price: $1,248.45
</li>
<li aria-level="1" dir="ltr">
Volume (24h): $46,185,489,059
</li>
<li aria-level="1" dir="ltr">
Change (24h): -3.14%
</li>
</ul>
The data is relevant at press time.
ETH/USD: Can bulls hold the $1,100 level?
Even though Ethereum (ETH) is not as bearish as Bitcoin (BTC), the price change of the chief altcoin has accounted for -2.70 over the past 24 hours.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the hourly chart, Ethereum (ETH) might show a short-term bounceback before a further drop. Such a move is supported by the high buying trading volume and relatively high liquidity. In this case, the rise may last until the closest resistance at $1,320.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the 4H time frame, the situation is bearish as bulls have failed to fix above $1,250. Thus, Ethereum (ETH) is located below the MA 50, which confirms sellers' power.
<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-january-20">card</a>
In this regard, there are chances of seeing the leading altcoin at $1,150 soon.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the bigger chart, the key support is located around the $1,130 mark. Thus, a huge amount of liquidity is also focused there that considers a short-term bounceoff from that area.
Ethereum is trading at $1,223 at press time.
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Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The long-term correction might have started on the cryptocurrency market as most of the coins are in the red area. Mainly, Polkadot (DOT) has shown a 7.35% decrease over the last day.
Advertisement
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top 10 coins by CoinMarketCap</a>
The drop of the coins has affected the total market capitalization, which has dropped below $1 trillion and is now $943 billion.
<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/charts/">Cryptocurrency market capitalization</a>
The relevant data for Ethereum is looking the following way:
<ul>
<li aria-level="1" dir="ltr">
Name: Ethereum
</li>
<li aria-level="1" dir="ltr">
Ticker: ETH
</li>
<li aria-level="1" dir="ltr">
Market Cap: $143,110,153,054
</li>
<li aria-level="1" dir="ltr">
Price: $1,248.45
</li>
<li aria-level="1" dir="ltr">
Volume (24h): $46,185,489,059
</li>
<li aria-level="1" dir="ltr">
Change (24h): -3.14%
</li>
</ul>
The data is relevant at press time.
ETH/USD: Can bulls hold the $1,100 level?
Even though Ethereum (ETH) is not as bearish as Bitcoin (BTC), the price change of the chief altcoin has accounted for -2.70 over the past 24 hours.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the hourly chart, Ethereum (ETH) might show a short-term bounceback before a further drop. Such a move is supported by the high buying trading volume and relatively high liquidity. In this case, the rise may last until the closest resistance at $1,320.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the 4H time frame, the situation is bearish as bulls have failed to fix above $1,250. Thus, Ethereum (ETH) is located below the MA 50, which confirms sellers' power.
<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-january-20">card</a>
In this regard, there are chances of seeing the leading altcoin at $1,150 soon.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD/">ETH/USD chart by TradingView</a>
On the bigger chart, the key support is located around the $1,130 mark. Thus, a huge amount of liquidity is also focused there that considers a short-term bounceoff from that area.
Ethereum is trading at $1,223 at press time.
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Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
Alex Dovbnya
Valeria Blokhina
