Ethereum (ETHUSD) Price Forecast: January 15
The ETHUSD pair now trades very close to the upper resistance area at the $2560.81 level. The coin may continue trading above the $2522.02 threshold and remains a buy signal for the coin holders. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend upward to the $2800.00 high value will be achieved, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $2300.00 $2400.00, $2500.00
Support Levels: $2000.00, $1900.00, $1800.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
ETHUSD remains bullish and may continue trading above the $2522.02 threshold on the higher time frames. This is clear as we can see the prices trading very close to the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in its recent high.
The coin price on the daily chart today is currently facing the upper resistance and trading at the $2560.81 correction level above the moving average, an indication of an uptrend.
Hence, the Ethereum price may continue trading above the mentioned resistance zone if an additional effort is added to the buying motives by the bulls.
Additionally, the market price of ETHUSD which is pointing up on the daily stochastic implies that the crypto price may continue trading above the $2522.02 threshold which may extend the price to the $2800.00 upper resistance level soon in its higher time frame.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
The ETHUSD pair is trading above the supply level and remains bullish in its medium-term outlook. Meanwhile, the coin may continue trading above the $2522.02 resistance level as the bulls take to their stand to remain dominant in the market.
The coin was able to reach a high of $2541.14 level in the previous action which has made it possible for the crypto price to remain in an uptrend in recent times.
Actions from buyers have also increased the price of Ethereum further up to the $2550.82 resistance value as it journeys up north.
The coin may continue trading above the mentioned resistance and more gains are possible if the bulls can put extra effort into the price action. As a result, the $2666.96 previous high point might be retested soon.
In addition to that, the daily stochastic signals an uptrend, which means that the Ethereum price may continue trading above the $2522.02 threshold and hit the $2800.00 psychological level at the upside in the days ahead in its medium-term perspective.
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