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ETH/USD analytics and Ethereum price forecast for January 17, 2021

The Ethereum price forecast for tomorrow 01/17/2021 is written when the cryptocurrency quotes are at 1220, and Ethereum is trying to return to this week's high of 1250.

At the same time, cryptocurrency quotes are above the Ichimoku cloud. The fast blue signal line broke through the slow red one from the bottom up, indicating an upward trend in ETH/USD.

The resistance level is the maximum of the current week 1250. If the Ethereum rate fixes above this mark, the ETH/USD quotes will tend to test the resistance level of 1350.

ETH/USD analytics and Ethereum price forecast for January 17, 2021

The closest support level to the current Ethereum price is at 1120 (the upper border of the Ichimoku cloud).

When the support level is broken, the ETH / USD quotes will again tend to reduce the Ethereum rate below 1000.

Thus, the Ethereum forecast for tomorrow, January 17, assumes an attempt at the resistance level of 1250, followed by a short-term rollback in order to reduce the ETH/USD quotes below 1000.


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