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Ethereum ETH/USD analytics and forecast for 01/30/2021

The Ethereum rate forecast for January 30, 2021 is made at the ETH / USD 1400 rate. The Ethereum pump occurred after Elon Musk public interest in cryptocurrencies. However, such a sharp explosive rise in the price of Ethereum contradicts the fundamental analysis of the cryptocurrency, and is a temporary factor. Ethereum quotes are still in a sideways trend, the resistance level of 1475 remained unattainable.

ETH / USD quotes are above the Ichimoku cloud, which confirms the medium-term upward trend for the cryptocurrency. The resistance level is the absolute maximum of the price - 1475. In case of breaking this level and fixing above it, the target of the upward trend will be the upper border of the ascending channel at $ 1550.

Ethereum ETH/USD analytics and forecast for 01/30/2021

ETH USD support level - $ 1325. This is the upper limit of the Ichimoku cloud, which is always an important technical level on the cryptocurrency chart. In the event of a return to the downtrend and the fixation of Ethereum quotes below the resistance level, the Ethereum rate will tend to the level below $ 1200.

Thus, the Ethereum forecast for January 30 suggests a consolidation of the cryptocurrency price, and an attempt to test the upper border of the Ichimoku cloud.

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