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Ethereum forecast and ETH/USD analysis January 13, 2021

On the morning of January 13, the Ethereum rate is at $ 1080.

Cryptocurrency quotes are located inside the Ichimoku cloud, between strong support and resistance levels. The market is flat.

The support level for the ETH / USD rate is $ 1000. An important psychological level of support, overcoming which will sow panic among the witnesses of the rampant growth of cryptocurrencies.

However, there are no particular reasons for joy for the bulls on Ethereum: the $ 1150 mark has become an insurmountable obstacle on the way of the ETH / USD rate to $ 100,000 for the second day. Who will win, bulls or bears?

Ethereum forecast and ETH/USD analysis January 13, 2021

If the level of $ 1000 is broken, the Ethereum rate will strive to test the support level of 860, and these are actually last year's figures, before a steep bullish rally. This will not add optimism to those who recently bought Ethereum.

If the resistance level is overcome, the goal for the growth of the cryptocurrency will first become the level of 1350 (this year's maximum), and there it is already close to the absolute maximum for the cryptocurrency - $ 1420.

Thus, the Ethereum forecast for today, January 13, involves an attempt to test the support level, after which the upward trend will continue and consolidate above the $ 1150 resistance level.


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