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Ethereum (ETH) Price Analysis for January 14
Source: CryptoNewsNet Original Title: Ethereum (ETH) Price Analysis for January 14 Original Link: The prices of most of the coins keep growing according to market data.
ETH/USD
Ethereum (ETH) is one of the biggest gainers today, rocketing by almost 7% over the last 24 hours.
Despite today’s rise, the price of ETH keeps looking bullish on the hourly chart. If the daily bar closes around that mark or above, growth is likely to lead to a test of the $3,400 zone tomorrow.
On the longer time frame, the picture is also bullish. Traders should focus on the nearest level at $3,397. If it breaks out, the accumulated energy might be enough for an ongoing upward move to the $3,400-$3,500 range.
From the midterm point of view, bulls are also more powerful than bears. If the weekly candle closes above the $3,447 level, there is a chance to witness a test of the $3,800-$4,000 area by the end of the month.
Ethereum is trading at $3,346 at press time.