Ethereum (ETH) Analysis – 22/01

■ Current Situation:

The price of Ethereum is still moving within a sideways trend, currently trading within the support range of 3,091 – 2,910.

If the price manages to hold above this level, it could signal a potential rise towards the current resistance at 3,330 – 3,383 as the first target.

However, if the price fails to hold above this level and continues to decline, it is likely to head towards the next support at 2,707 – 2,652.

■ Technical Levels:

Resistance:

Current Resistance: 3,330 – 3,383 (+11% to +13%)

Support:

First Support: 3,091 – 2,910 (−3% to −3%)

Next Support: 2,707 – 2,652 (−10% to −12% )