We have prepared the Ethereum technical analysis for January 4, 2022, which was performed by famous analysts in different timeframes.
Ethereum is the second largest cryptocurrency by market cap and is currently trading at $3,873.
Ethereum price has been rising in the last 24 hours and has increased by 2.59%, and the highest price recorded in the last 24 hours is $39,00 and the lowest recorded price is $3,713.
Be with Cryptoleda
ETH in channel and inside of falling wedge
Ethereum is moving inside of falling wedge and between range of $3550 and $3960 on daily chart . ETHBTC pair is moving slightly bullish and needs to remain bullish in order to for ETH to breakout above the wedge pattern. The move should be impulsive but also Bitcoin needs to stay in range or bullish at the same time.
Read my post about Ethereum and Bitcoin movement. ETH is stronger than BTC and it is outperforming big brother.
On the LTF the chart is having some volatility , but moving bullish in channel. We need to wait for breakout to take long position. Above $3,960 Ethereum will gain speed and move bullish.
“Review by Tilen_tradershub”
ETHUSD resistance trend line
• We need to continue positive consolidation and move above the MA20 daily moving average to test the upper trend line and potential resistance zone at $ 4000.
• If the price increases above, we can expect a further, stronger, and more serious bullish trend .
• Below, our first resistance is the previous high at $ 4500, and the next resistance at $ 4750.
• We need negative consolidation and a return to the previous low of $ 3600.
• We go lower to the December low at $ 3470 and the MA200 moving average with further bearish pressure.
• Our next support is the psychological level at $ 3,000, then the low from October at $ 2,650.
“Review by Financebroker”
Ethereum: Buying at Support
Ethereum – Intraday – We look to Buy at 3648 (stop at 3574)
We look to buy dips. Previous support located at 3650. Intraday signals are mildly bullish . The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 3650, resulting in improved risk/reward.
Our profit targets will be 3836 and 4090
Resistance: 3850 / 4000 / 4100
Support: 3700 / 3600 / 3500
“Review by Saxo Group”
ETHUSD dip and long intraday
Feel free to click on the follow button for more daily detailed analysis and please do ask any Q’s should you have them.
Here we have our ETHUSD chart again. AS you can see we are looking an uptrend action on MID Tf’s.
We are looking long after a small dip back.
This is short term and likely to be INTRADAY.
Profit target is shown by directional arrow.
“Review by WillSebastian”
Bull Wedge in Ethereum?
Ethereum caught a lift from the $3700’s. We had appeared to be testing lower levels, heading for $3646, a level we have mentioned many times here. But we seem to have caught a strong bid, as confirmed by both Kovach Momentum indicators. We seem to be set to test $3861 once more, which seems to be a hard upper bound for ETH at the moment. Nevertheless, it appears we are forming a bull wedge bounded by this level from above, which suggests that ETH could be gearing up for a breakout. If so, we could be gearing up to make a concerted effort to reach the $4K handle again, with $4020 the next target.
“Review by quantguy”
Short-term selling opportunities on ETH
ETHUSD is currently in a downtrend on the H1 timeframe.
In the end of last year we saw a downside impulse which led to a consolidation.
Now, we’re looking for the end of this pullback and another downside move.
The first target will be 3523$
Right now, price is inside of a sell zone and if we see a breakout above 4000$ then this setup won’t be valid.
We will be following the development closely and in case of any changes we will have to adjust our targets!
“Review by ForexTrendline”
ETH in a big trend, at support now?
if we refer to this big trend (since jan 2021 – till today)…
ETH is currently at an important support.
fail to hold, might visit 2800 level.
if able to bounce off, next resistance is $5600.
next , is $7000
(this is a long term point of view. may takes weeks / months to achieve )
“Review by EL_STOCKTROOPER”
ETH/USD: Climb Higher Could Spark Risky Speculative Wagers
ETH/USD is trading slightly above the 3800.00 mark as of this writing. In yesterday’s trading, ETH/USD stumbled to nearly the 3715.00 level, before it sparked a reversal higher. However, ETH/USD remains within the lower realms of its one-month range and is still below mid-December trading realms. As the New Year begins its markets trading, speculators will have a difficult technical question to answer regarding their perceptions.
The broad cryptocurrency market remains under pressure when looking at the past week of results. Cryptocurrency is not affected by closures of markets like many financial assets. Speculative wagers continued, and weekend trading has certainly affected Ethereum along with its major counterparts. ETH/USD is in the midst of a rather intriguing value and, if support is challenged below, it could spark nervous sentiment.
The 3800.00 may be thought of as a fake psychological barrier by some technical traders, but if ETH/USD once again falls below this depth it could be a bearish signal. From the 29th of December until yesterday, ETH/USD continued to trade below the 3800.00 in a sustained manner. If the current price shows weakness again, traders may perceive yesterday’s late reversal higher as a temporary move upwards, while suspecting additional selling may be demonstrated.
The level of 3775.00 should be watched by traders. Some aggressive sellers may decide this ratio is take profit vicinity if they are shorting ETH/USD, but to do that they would need to be using a conservative amount of leverage to make sure that trading moves in the wrong direction short term does not knock them out of the game. Resistance levels above around the 3840.00 to 3850.00 levels could prove to be difficult for ETH/USD to penetrate. And until ETH/USD moves above the 3900.00 level and maintains value above this juncture, the cryptocurrency could be perceived as remaining within a bearish mode.
Speculators should be careful with ETH/USD as the potential for additional volume creeps into the market, if institutional traders do decide to get involved. Stop loss and take profit ratios should be considered wisely, because volatility may grow near term. The broad cryptocurrency market continues to display signs of selling pressure and ETH/USD has not escaped this shadow. Traders should not be overly ambitious and if their wagers are profitable, cashing in winning positions would likely be a good decision if they are produced.
Ethereum Short-Term Outlook
Current Resistance: 3847.00
Current Support: 3774.00
High Target: 3910.00
Low Target: 3694.00
“Review by SmoothJB”
Ethereum status and Conclusion
In this technical analysis of Ethereum, we prepared and presented the analysis of the top 8 analysts of Trading View. The types of scenarios were explained in this analysis and their trends were plotted on a chart.
You can also share your opinion and forecast of Ethereum with us and other users in the comments section.
Disclaimer: None of these Analysis is not Buy or Sell Ethereum recommendation, And this article is just for educational purposes so please just use this article for validating your own technical analysis.