Yesterday, January 21, the price of Ethereum was in a bearish trend zone. On January 10, the price of Ethereum fell to the $130 price level. On January 13, the crypto’s price further depreciated to the low of $116.79. Therefore the crypto’s price had been ranging between the levels of $116.79 and $130.

On January 20, the crypto’s price fell to the low of $118 and price is fluctuating below and above it. Today the crypto’s price is below the EMAs, therefore Ethereum is likely to fall. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

On the 1-hour chart, the crypto's price is in a sideways trend zone. On January 20, the crypto’s price fell to the low of $118.15 and commenced a range bound movement. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price may likely fall. On the other hand, if this level holds, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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