Ethereum is ending the trading week with a correction at 3302. Moving averages indicate a bearish trend for ETH/USD. Prices are again testing the area between the signal lines, indicating pressure from cryptocurrency sellers and a potential continuation of the decline from current levels. At this point, we should expect an attempt at a bullish price correction and a test of the resistance level near 3505. From here, we should expect another downward rebound and a continued decline in the exchange rate and the price of Ethereum, with a potential target below 1845.
Ethereum Forecast ETH/USD January 19 – 23, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (January 19 – 23, 2026) will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 4065 would cancel out the cryptocurrency’s downward price scenario this trading week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 4465. A breakout of the support area and a close below 2355 would confirm a decline in Ethereum, signaling a breakout of the lower boundary of the bullish channel.
Ethereum Forecast ETH/USD January 19 – 23, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 3505. From there, a downward rebound and continued decline to below 1845 should be expected. A test of the trendline on the relative strength indicator (RSI) would also signal a decline in Ethereum. The decline scenario would be cancelled if a strong rally and a breakout of the 4065 area were to occur. In this case, we should expect continued growth with a target above the 4465 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
