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Ethereum Price Prediction: ETH/USD Is Trading in an Uptrend but Can the Bulls Clear $150 Level?

ETH Price Prediction – January 6

Ethereum price moves to break the $140 resistance level as the coin maintains its upward movement.

ETH/USD Market

Key Levels:

Resistance levels: $148, $152, $156

Support levels: $126, $130, $134

ETHUSD – Daily Chart

ETH/USD has performed better than other coins in recent days. Although the Ethereum price is progressing slightly while all movements are upward. The performance of the Ethereum market at the moment indicates the beginning of an uptrend very soon. It’s just a matter of time for this coin to reach $150 level again.

In the last 3days, ETH has recorded this month’s highest value moving from $126 to $139 by crossing both the 9-day and 21-day moving averages at the time of writing. The on-going trend may move a little bit higher this week, and the coin may likely cross the upper boundary of the channel to touch the nearest resistance at $145.

However, if the bulls put more effort, it could hit additional resistance levels at $148, $152 and $156 respectively. Meanwhile, the support levels to watch out for are $126, $130 and $134. The RSI (14) indicator is moving towards the overbought zone, indicating more bullish signals.

ETH/BTC Market

Against Bitcoin, the daily chart shows that Ethereum’s price is trading well in a strong uptrend around 1883 SAT. As soon as the price is above the 1900 SAT, there is a possibility that additional benefits will be obtained in the long term. The next resistance key above the 1930 SAT is close to the 1950 SAT level. If the price keeps rising, it could even break the 1970 SAT and above in future sessions.

ETHBTC – Daily Chart

Meanwhile, if the bears regroup now, 1800 SAT and 1760 SAT supports may play out before rolling to 1700 SAT and this may create a new monthly low for the pair. However, the daily outlook is still looking bullish as the price actions remain in a consolidation mode. The RSI (14) moves towards the 60-level and this could enhance the bullish movement for a while. If you feel investing in erethreum is not safe and interested  investing in a profitable bitcoin poker apps that can help individuals and families generate monthly income , then consider the best Bitcoin Casinos.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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      Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management.