Ethereum (ETH) Price Analysis for January 26

Bulls are not going to give up so easily, according to CoinStats.

ETH/USD

The rate of Ethereum (ETH) has risen by almost 2% over the last 24 hours.

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.

On the daily chart, the rate of ETH has almost touched the interim resistance of $2,264.

In this case, there is a possibility of a breakout, followed by further growth to the $2,300-$2,350 zone.

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.

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