Ethereum

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Bulls are not going to give up so easily, according to <a href="https://u.today/cardano-ada-price-analysis-for-january-25" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="8ebab397-71f4-45ac-96d4-8b51d045bdcd" src="https://u.today/sites/default/files/inline-images/top10_904.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 risen by almost 2% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="5de1ad50-5fd3-409d-9cf9-bd4242aefcbf" src="https://u.today/sites/default/files/inline-images/eth1_105.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the price of ETH is looking bullish as it is trading near the resistance level of $2,258. If the situation does not change by the end of the day, one can expect a blast to the $2,300 area tomorrow. <img data-entity-type="file" data-entity-uuid="c86c3fae-7dd5-46c8-87b2-885819a5d370" src="https://u.today/sites/default/files/inline-images/eth2_110.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
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On the daily chart, the rate of ETH has almost touched the interim resistance of $2,264.&nbsp;
In this case, there is a possibility of a breakout, followed by further growth to the $2,300-$2,350 zone. <img data-entity-type="file" data-entity-uuid="5e2d16ad-b785-4910-9cbb-9f4dfe7569fa" src="https://u.today/sites/default/files/inline-images/eth3_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A less positive picture can be seen on the weekly time frame. If the drop continues to the nearest support level of $2,115, the correction may lead to a test of the vital area of $2,000 soon.
Ethereum is trading at $2,249 at press time.

Ethereum (ETH) Price Analysis for January 26

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