Ethereum

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Some coins have returned to the green zone, according to <a href="https://u.today/xrp-price-analysis-for-january-3" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="02055340-bc2d-4de9-8560-a56789ac253d" src="https://u.today/sites/default/files/inline-images/top10_867.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has increased by 0.24% since yesterday. <img data-entity-type="file" data-entity-uuid="d5fd5b46-271e-421b-b648-9844689c6a84" src="https://u.today/sites/default/files/inline-images/eht1_2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ETH is looking bullish as it is on the way to test the resistance of $2,246. If the daily bar closes near it or even above, the accumulated energy might be enough for a breakout followed by a move to the $2,280-$2,300 zone. <img data-entity-type="file" data-entity-uuid="40de9b76-9af1-440d-9a57-72b7a524f0a5" src="https://u.today/sites/default/files/inline-images/eth2_108.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
A less positive situation is on the bigger time frame. The rate is in the middle of the wide channel, which means that neither buyers nor sellers are dominating.&nbsp;
In this case, sideways trading between $2,200 and $2,300 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="229c47b9-60bb-4810-8432-c44f395a3391" src="https://u.today/sites/default/files/inline-images/eth3_98.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the picture is similar. If the candle closes around the current prices, traders are likely to expect a consolidation around the $2,200 zone next week.
Ethereum is trading at $2,238 at press time.

Ethereum (ETH) Price Analysis for January 4

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