RATE Group | ETH/USD Recovery Stops at $165, Where to Next?
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ETH/USD Recovery Stops at $165, Where to Next?

15 Jan ETH/USD Recovery Stops at $165, Where to Next?

Posted at 01:49h in Ethereum News by

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ETH Price Prediction – January 14

Ethereum price moves to break the $160 resistance level as the coin maintains its upward movement.

ETH/USD Market

Key Levels:

Resistance levels: $180, $185, $190

Support levels: $140, $135 $130

ETHUSD – Daily Chart

ETH/USD is currently trading 15.02% higher on the day following widespread recovery movements across the board. The stubborn selling activity at $143 was smashed this time, allowing Ethereum to jump above $170. However, the trend became unattainable, forcing the bulls to take a step back to the market value at $165.07. The former resistance at $150 is currently working as the immediate support.

However, the technical picture remains positively intact with the RSI (14) facing the overbought territory. The buyers have no choice but to break the $165 barrier. The move will not only allow them to focus on $170 but also it will remove the risk of plunging back to the support at $150. Other key support areas include $140, $135 and…

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