Advertisement
AD

Main navigation

Advertisement

Ethereum (ETH) Price Analysis for January 13

Advertisement
Fri, 13/01/2023 - 15:36
Ethereum (ETH) Price Analysis for January 13
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

Bulls remain more powerful then bears, according to CoinMarketCap.

Advertisement

Top coins by CoinMarketCap

ETH/USD

The rate of Ethereum (ETH) is rising faster than Bitcoin (BTC), going up by 2.26%.

ETH/USD chart by TradingView

On the hourly chart, the rate of Ethereum (ETH) has been trading in a narrow range today. At the moment, one should pay attention to the daily closure. If it occurs closer to the resistance than to the support, the breakout of the $1,418 mark may be a repreqsuite for a rise to the $1,430 zone.

ETH/USD chart by TradingView

On the daily time frame, the price of trading is within yesterday's candle, which means that the main altcoin needs more time to accumulate power for a further move. In this case, sideways trading in the area of $1,400-$1,430 is the more likely scenario for the next few days.

ETH/USD chart by TradingView

On the bigger chart, the price is about to close above the nearest support level at $1,352. If that happens, the next level at which buyers might find trouble is the resistance at $1,503 that serves the mirror level.

Ethereum is trading at $1,415 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

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

Popular articles

Advertisement
AD