• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 1

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 2

    How ethbox Could be the Future of OTC Trading

    FATF

    FATF to update its guidelines on stablecoins and virtual asset service providers

    Cardano's founder launches RATS pool for ADA staking

    Cardano’s founder launches RATS pool for ADA staking

    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ethereum News

Ethereum price prediction: ETH to $1600 in long, analyst

Taha Farooqui by Taha Farooqui
January 17, 2021
in Ethereum News
3 min read
Ethereum price prediction ETH to in $1600 in long, analyst
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Ethereum price prediction expects a rise to $1600 in long movement.
  • Strong resistance currently lies at the $1280 mark.
  • Strong support currently lies at the $1200.

The Ethereum price prediction by Gdesantis shows that the cryptocurrency will rise towards the $1600 mark in the long term after the cryptocurrency forms an upward breakout following the diamond formation. On the 17th of January, the cryptocurrency came to a rest near the $1220 to $1240 range after suffering from price fluctuation above the $1260 mark.

1-Day Ethereum price analysis

Ethereum price chart 1 - 17 January
Ethereum price prediction chart by Trading View

Bitcoin suffered from price fluctuations and corrections with a fall towards the $35000 mark on the 17th of January, while the leading altcoin Ethereum ETH trades close to the $1220 level. At the time of writing, the cryptocurrency stands at $1225.80. The coin has seen some major strives over the past few weeks. Over the 24-hour chart, the cryptocurrency managed a high of $1291.31, while hitting a low of $1203.47.

RelatedPosts

Ethereum price recovers to $1,650, what next for ETH?

Messari: Ethereum on track to settle $1.6 trillion in Q1 2021

Ethereum gas fees push new investors to centralized Ethereum alternatives

Ethereum price prediction: ETH to break above $2,000 resitance and climb to $2,200

The technicals for the ETHUSD pair show that seventeen out of twenty-eight of these indicate a buy signal. Out of the 11 oscillators eight stand neutral, while two indicate a buy signal and one shows a sell signal. Out of the moving averages, we see 15 in favor of a buy position while one stands neutral and one is at a selling point.

The ETH price reflected off the upper Bollinger band after testing it on the 4h time frame, and the price seems bearish as of now as it gets support by the midline. If the coin slips below the midline here, the next target for the cryptocurrency would lie at the $1110 level in the short time frame.

Ethereum price predictions: What to expect?

Trading View analyst Gdesantis drew up a diamond pattern in their Ethereum price prediction. The analyst expects the cryptocurrency to rise across the $1600 level after the bullish momentum kicks in, within the next few days.

Ethereum price chart 2 - 17 January
Ethereum price prediction chart by Gdesantis

The diamond pattern highlighted by the analyst has an upward breakout direction, whilst the 20-Day smooth moving averages (SMMA) and exponential moving averages (EMA) form slope below the diamond formation. Per the Ethereum price prediction, The target price for this setup lies at the $1657.10 mark. The highs and the lows of the diamond lie at a difference of about $441. Per the analyst, the 20-Day EMA provided enough support for the cryptocurrency to see a bull run and complete the diamond pattern.

Vince Prince drew up a neckline for the ETH/USD pair, and they expect the cryptocurrency to form a head and shoulders (H&S) pattern following a bullish or a bearish breakout. The Ethereum price prediction favors a bearish breakout more than the bullish momentum due to the formation of the H&S pattern. The cryptocurrency observed strong resistance near the $1200 to $1240 range, which is what it seems to be testing right now.

Analyst Atlas Trades believes that the cryptocurrency will soon test the $1350 resistance after breaking above the midline found at the $1250 mark. However, the cryptocurrency has repeatedly tested the $1250 level for quite some time now, facing heavy resistance at the same point. Once the price confirms a breakout above this level, the next target will lie at $1350 per the Ethereum price prediction.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Ethereum price
Ethereum News

Ethereum price recovers to $1,650, what next for ETH?

February 25, 2021
Messari: Ethereum on pace to settle $1.6 trillion in Q1 2021
Ethereum News

Messari: Ethereum on track to settle $1.6 trillion in Q1 2021

February 25, 2021
Ethereum gas fees
Ethereum News

Ethereum gas fees push new investors to centralized Ethereum alternatives

February 23, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Crypto

Crypto industry reaches a milestone of 100 million users

February 26, 2021
Polkadot price

Polkadot price prediction: DOT to decline to $25

February 26, 2021
How ethbox Could be the Future of OTC Trading 3

How ethbox Could be the Future of OTC Trading

February 26, 2021
Coin

Legal actions to retrieve stolen coins: What is the success rate?

February 26, 2021
FATF

FATF to update its guidelines on stablecoins and virtual asset service providers

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.