CandleFocus

Ethereum (ETH) Price Prediction for January 24

Author: Content Editor
According to CoinStats, buyers are currently more powerful than bears in the crypto market. The price of Ethereum (ETH) has increased by 4.57% since yesterday. However, the price is falling after a false breakout of the local resistance at $3,421. If the daily bar closes far below this mark, further decline towards the $3,300 range is expected. On a larger time frame, the focus should be on the daily candle's closure near $3,400 and above, as this could lead to a potential test of the $3,500 zone soon. In the midterm, neither bulls nor bears are dominating, with low volume indicating a lack of readiness for significant moves. Overall, ongoing sideways trading between the $3,300-$3,500 range is considered the more likely scenario. At the time of writing, Ethereum is trading at $3,394.

Related News