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Ethereum (ETH) Price Analysis for January 11

Wed, 01/11/2023 - 20:00
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Denys Serhiichuk
Will Ethereum (ETH) continue recent growth shortly?
Ethereum (ETH) Price Analysis for January 11
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bears remain more powerful than bulls, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


The rate of Ethereum (ETH) has declined by $0.08 over the last 24 hours.

Top coins by CoinMarketCap

On the hourly chart, the rate is about to close below the local support level at $1,328. If buyers fail to seize the initiative, the accumulated energy might be enough for a continued correction to the critical zone of $1,300.

ETH/USD chart by TradingView

On the bigger time frame, the price has made a false breakout of yesterday's peak at $1,345 against high trading volume. If the closure happens near the $1,320 mark with no long wicks, the fall is likely to continue to the $1,310 zone.

ETH/BTC chart by TradingView

Ethereum (ETH) keeps trading in the bullish zone on the daily chart against Bitcoin (BTC).

Binance Coin (BNB) Price Analysis for January 10

Until the rate is above the 0.076133 mark, buyers are more powerful than sellers. Likewise, traders have a chance to see a return to the 0.077 area shortly.

Ethereum is trading at $1,324.80 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at