Ethereum

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The prices of some coins are rising, while others are staying in the red zone, according to <a href="https://u.today/binance-coin-bnb-price-analysis-for-january-17" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="685b23b7-41e0-427e-9552-2c9e35bf2272" src="https://u.today/sites/default/files/inline-images/top10_889.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has declined by 1.165% since yesterday. <img data-entity-type="file" data-entity-uuid="3eea3acf-912f-4501-91b6-c48beaf73bed" src="https://u.today/sites/default/files/inline-images/eth1_104.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 rising after a bounce back from the local support of $2,503. If buyers can hold the initiative, there is a chance to see a test of the resistance by tomorrow. <img data-entity-type="file" data-entity-uuid="f1ad4df5-4d11-4c74-bab5-dc7b04242566" src="https://u.today/sites/default/files/inline-images/et2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, bears remain more powerful than bulls. If the rate does not come back to the $2,600 zone soon, there is a possibility of seeing an ongoing decline to $2,400. <img data-entity-type="file" data-entity-uuid="59b63a1a-6bf6-4a78-813f-e751795755bf" src="https://u.today/sites/default/files/inline-images/eth3_100.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, ETH still has a chance to keep rising, as the price is above the $2,447 level.
However, if buyers lose it, the correction may lead to a test of the $2,300-$2,400 zone by the end of the week.
Ethereum is trading at $2,527 at press time.

Ethereum (ETH) Price Analysis for January 18

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