Ethereum ETH/USD ends the trading week at 3213 and continues to move in the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices broke through the area between the signal lines downward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop the price growth and test the resistance level near the 3855 area. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target below the level of 1755.
Ethereum Weekly Forecast January 10 — 14, 2022
An additional signal in favor of a fall in ETH/USD quotes in the current trading week January 10 — 14, 2022 will be a test of the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the Head and Shoulders reversal pattern. Cancellation of the option to drop the value of the cryptocurrency in the current trading week will be a strong growth and a breakdown of the level of 4955. This will indicate a breakdown of the resistance area and a continued rise in ETH/USD quotes with a potential target above the level of 5755. Confirmation of the fall in the Ethereum cryptocurrency will be a breakdown of the support area and closing of quotes below the level 2605.
Ethereum Weekly Forecast January 10 — 14, 2022 assumes an attempt to decline and test the resistance area near the level of 3855. Where can we expect a rebound and the continuation of the fall of the cryptocurrency to the area below the level of 1755. An additional signal in favor of a decline in the Ethereum rate will be a test of the trend line on the indicator relative strength. Cancellation of the fall option will be a strong growth and a breakdown of the area of 4955. In this case, we should expect a continuation of the rise with the target above the area of 5755.
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