Ethereum (ETH) Price Analysis for January 8

Ethereum (ETH) Price Analysis for January 8

By the end of Sunday, the market is trading in the neutral zone as the rates of some coins are rising, while others are falling.

ETH/USD

The rate of Ethereum (ETH) has declined by 0.10% since yesterday. Over the last week, however, the price has risen by 5.42%.

ETH/USD chart by TradingView

On the local chart, the price has made a false breakout of the resistance at $1,264. At the moment, the rate is located in the middle of the narrow channel. From the technical point of view, traders are unlikely to see sharp…


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