Advertisement
AD

Main navigation

Ethereum (ETH) Price Analysis for January 11

Advertisement
Wed, 11/01/2023 - 20:00
Ethereum (ETH) Price Analysis for January 11
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

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

Advertisement

Top coins by CoinMarketCap

ETH/USD

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).

Related
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.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD