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Ethereum forecast and ETH / USD for tomorrow January 9, 2021

The Ethereum rate forecast for tomorrow, January 9, is written before the end of the Friday trading session, with the rate of ETH / USD 1246.

This is more than a decent result for the second most important cryptocurrency, especially since only 2 weeks ago the Ethereum rate did not exceed $ 600. And in March, miners turned off their farms altogether, since the income from ether mining did not exceed the cost of mining itself.

Right now, we are seeing a characteristic reversal pattern in the 4 hours ETH / USD chart. The Ethereum chart marked a certain maximum (1300), after reaching which a short-term pullback began. 38% Fibonacci. now there is an attempt to break through the maximum, the resistance level of 1300.

Ethereum forecast and ETH / USD for tomorrow January 9, 2021

If this level is overcome, the forecast for the Ethereum rate for the next week on January 11-17 will be an upward movement with the goal of first $ 1,450 per ether, and then $ 1,650.

If the resistance level is not broken, we can expect a correction and testing of the support level 930. The cancellation of the forecast will be the renewal of the resistance level 1300.

Thus, the forecast for the Ethereum exchange rate for tomorrow on January 9 assumes a correction of the upward movement, with a target below 1000 for one Ethereum.


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