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ETH/USD analytics and Ethereum price forecast for January 14, 2021

The Ethereum rate at the moment (the time of writing the forecast) is 1130. The ETH / USD quotes have been trading in a narrow corridor with low volatility for the second day, and are still inside the Ichimoku cloud, which tells us about a flat for this instrument, as well as to the entire cryptocurrency market.

The closest resistance level that ETH / USD cannot overcome for the second day is 1140. A stronger resistance level, overcoming which in the framework of technical analysis would mean an attempt to return to the growth of Ethereum - 1240.

The support level is the psychologically important $ 1000 level. If it is overcome and traders lose faith in the further uncontrolled growth of the ETH / USD cryptocurrency pair, the quotes may decrease to their initial positions at the end of last year - 600-700 dollars per ether.

ETH/USD analytics and Ethereum price forecast for January 14, 2021

If the price of Ethereum falls below 1000, another strong support level awaits the cryptocurrency - $ 970. Fixing below $ 970 will mean that the ETH / USD cryptocurrency is ready to return to the values ​​of $ 850 - $ 750.

Thus, the Ethereum forecast for January 14 assumes a continuation of the correction of the ETH / USD rate and an attempt to test below $ 1000 for one Ethereum.

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