BTC and ETH Price Analysis for January 2

Most of the coins have come back to the green zone after a slight correction, according to CoinMarketCap.

BTC/USD

Bitcoin (BTC) is one of the biggest gainers today, rising by 6.64%.

On the daily chart, the rate of BTC has broken the resistance level of $44,528. Until the price is above that mark, bulls keep controlling the situation on the market.

Thus, the volume has also increased. All in all, traders can expect a test of the $47,000-$48,000 range soon.

Bitcoin is trading at $45,547 at press time.

ETH/USD

Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 4.27%.

From the technical point of view, ETH is looking less bullish than Bitcoin (BTC). At the moment, one should pay attention to the level of $2,392. If the candle closes above it and the wick is short, the upward move may continue to vital zone of $2,500.

Ethereum is trading at $2,400 at press time.

Source