Buyers pushed the price higher

Ethereum's Analysis


1/13/20231 min read

Ethereum buyers pushed the price higher and recorded a new high at $1,437. As you can see, the price has hit the ceiling of the descending channel of the daily timeframe . The price is trying to stabilize above $1,400 and $1,430. If there is no fallback in price, the price (by breaking the channel ceiling) may rush towards the resistance of $1525 and $1570. If ETH fails to clear the $1,430 resistance, it could start a downside correction.

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