ETH/USD quotes are trading at 3214 and continue to move within a declining channel. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued price growth from current levels. Today’s Ethereum forecast anticipates an attempt at further growth and a test of the resistance level near 3305. From there, we should expect another downward rebound and a continued decline in the Ethereum price, with a potential target below 2625.
Ethereum Forecast and ETH/USD Analysis for January 20, 2026
An additional signal favoring a decline in ETH/USD quotes will be a test of the bearish trend line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rise in Ethereum and a breakout of 3625 will cancel the downward trend. This will indicate a breakout of the resistance area and continued growth in ETH/USD quotes toward 4045. A breakout of the support area and a consolidation below 3005 will confirm the asset’s price decline, signaling a breakout of the lower boundary of the bullish correction channel.
Ethereum Forecast and ETH/USD Analysis for January 20, 2026 suggests an attempt at a bullish correction and a test of the resistance area near 3305. From there, a rebound and continued decline in the ETH/USD cryptocurrency to below 2625 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal for a decline in Ethereum. A break of the 3625 resistance area would invalidate the downward trend, indicating continued upside with a potential target above 4045.
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