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Ethereum forecast cryptocurrency rate for the week of January 18 - 22, 2021

The trading week is ending for Ethereum in an attempt to resume gains after hitting a new all-time high of 1350 last week. The first attempt ended at 1250, with a pullback to the 1050 area.

However, Ethereum quotes do not abandon attempts to break through the resistance level in order to gain a foothold above the 1350 mark.

Cryptocurrency quotes are above the Ichimoku cloud, the blue fast signal line broke through the slow blue one from the bottom up, which signals an upward trend in ETH / USD.

The closest resistance level is at 1350. Anchoring Ethereum quotes above this level will open the way for unhindered progress to the level of $ 1450 per Ethereum.

Ethereum forecast cryptocurrency rate for the week

A strong support level is the area of ​​quotes 1050-1150, a rollback to the support area is possible before trying to update the maximum of the ETH / USD price.

Thus, the Ethereum price forecast for the next week on January 18-24 suggests a short-term pullback to the support level of 1150, followed by an update of the absolute maximum and the target of an uptrend of $ 1570.


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