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Ethereum (ETH) Price Analysis for January 14

source-logo  u.today 8 h
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The prices of most of the coins keep growing, according to CoinStats.

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ETH/USD

Ethereum (ETH) is one of the biggest gainers today, rocketing by almost 7% over the last 24 hours.

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Despite today's rise, the price of ETH keeps looking bullish on the hourly chart. If the daily bar closes around that mark or above, growth is likely to lead to a test of the $3,400 zone tomorrow.

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On the longer time frame, the picture is also bullish. Traders should focus on the nearest level at $3,397.

If it breaks out, the accumulated energy might be enough for an ongoing upward move to the $3,400-$3,500 range.

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From the midterm point of view, bulls are also more powerful than bears. If the weekly candle closes above the $3,447 level, there is a chance to witness a test of the $3,800-$4,000 area by the end of the month.

Ethereum is trading at $3,346 at press time.

u.today