• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ethereum News

Ethereum price prediction: to break $1,300

Joshua O'Sullivan by Joshua O'Sullivan
Jan 08, 2021 at 01:25 pm
Updated Jan 12, 2021 at 05:40 am
in Ethereum News
4 min read
ethereum price prediction
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Ethereum price prediction expects to break $1,300 today
  • Strong price correction established support level at $1,111
  • Volatility sky-high as price discovery continues
  • ETH price continues to follow BTC price closely
  • The range of the day expected to be $1100 – $1,380

Ethereum followed our predictions perfectly over the last few days and continues to soar as BTC price bursts through the $40,000 barrier. Price discovery has never been so exciting for hodlers and traders.

ETH price continues to journey into All-Time-High (ATH) territory as the January 2018 level of $1,440 inches ever-closer with the bullish momentum of 2021.

At the time of writing, ETH price is currently $1,255 – up over two percent on the opening price of the day.

Use the oscillator below to check what role ETH might play in your portfolio.

Technical Analysis for ETHUSDT by TradingView

Ethereum price prediction: 1-Day chart overview

Ethereum price prediction: to break $1,300 1

The 1-Day chart overview continues to portray the bullish skyrocketing momentum that we have all witnessed these last two weeks – only eight days into 2021.

Volume seems to be diminishing but remains bullish while the indicators suggest a steep price correction awaits just beyond the horizon. The Historical Volatility (HV) indicator shows a high volatility level still but seems to plateau. This could suggest that bullish movement is set to continue without much resistance.

On the other hand, the Relative Strength Index (RSI) places ETH price well above the RSI indicator’s upper boundary. Sitting at 89.31 RSI, ETH is considered heavily overbought and overdue a healthy price correction. As the BTC price discovery continues, this correction will continue to be delayed.

RelatedPosts

ETH Price Prediction: Ethereum plummets to the $2,000 range while showing signs of a further price dip

Ethereum price prediction: Ethereum fails to reach $2,300, set to move lower today

Ethereum price prediction: ETH to retest $2000 support

Ethereum price prediction: Ethereum retests $2,300, prepares for another move higher over the weekend

Ethereum price prediction: 1-Week chart overview

Ethereum price prediction: to break $1,300 2

Observing the 1-Week chart overview, we can see ETH price has received huge support – though mainly institutional – as it continues to pump ever-upwards.

Volume on the weekly chart shows that bullish movement is actually increasing, as opposed to decreasing shown on the 1-Day chart overview. This may suggest that ETH price is safe to continue its way towards breaking the $1,440 ATH with strong support.

The HV shows a moderate level of volatility still but the same plateau seen on the 1-Day chart. This is suggestive that ETH price could still have a way to go before it finally stops pumping. In contrast, the RSI still shows a very high RSI level of 92.79. This is highly suggesting that ETH price is overbought and overdue a strong price correction.

Ethereum price prediction: volatility chart overview

Ethereum price prediction: to break $1,300 3

Observing the volatility chart, we can see ETH price is actually at the top of a spike in volatility. As opposed to the 1-Day and 1-Week chart readings, this shows that ETH price may receive a steep drop in price and volatility if September 2020 volatility is to be repeated.

Only time will tell what happens to ETH price, but it seems to begin a slight decline in volatility on this chart when observing the current volatility level.

Ethereum price prediction conclusion: ETH price expected to break $1,289 resistance and reach $1,300 today

Ethereum price prediction: to break $1,300 4

This Ethereum price prediction concludes that the $1,289 resistance and the $1,300 level will be broken today if bullish notion maintains its course.

Observing the conclusion chart, support can be seen around the $1,111 mark after establishing the $1,289 resistance level yesterday evening. As this support level was established, the bullish price movement swiftly recouped ETH price back up to above $1,200.

As this pattern continues, $1,300 is to be expected within the next 12-16 hours if only minor price correction appears.

As always, trade safely, carefully, and only trade what you can afford to lose.

Tags: cryptocurrency tradingcryptomarket
Joshua O'Sullivan

Joshua O'Sullivan

Joshua has been a professional writer, editor and proofreader for close to a decade. He has created books, resuscitated multiple patients and managed to survive multiple life threatening experiences. With these experiences, he is always willing to strive to the challenge of any opportunity presented.

Related Posts

ETH Price Prediction
Ethereum News

ETH Price Prediction: Ethereum plummets to the $2,000 range while showing signs of a further price dip

Apr 20, 2021 11:52 am
Ethereum Price Prediction 2021-04-19
Ethereum News

Ethereum price prediction: Ethereum fails to reach $2,300, set to move lower today

Apr 19, 2021 11:45 am
Ethereum price
Ethereum News

Ethereum price prediction: ETH to retest $2000 support

Apr 18, 2021 10:19 am
Ethereum Price Prediction 2021-04-16
Ethereum News

Ethereum price prediction: Ethereum retests $2,300, prepares for another move higher over the weekend

Apr 16, 2021 05:31 pm
ETH Price Prediction
Ethereum News

ETH Price Prediction: Ethereum surges to new milestones, drawing closer towards the $2,500 mark

Apr 15, 2021 08:55 pm
Ethereum Berlin hard fork now deployed, here's what to expect
Ethereum News

Ethereum Berlin hard fork now deployed, here’s what to expect

Apr 15, 2021 12:50 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • DOGE Price Prediction

    DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1364 shares
    Share 546 Tweet 341
  • Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1343 shares
    Share 537 Tweet 336
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1316 shares
    Share 526 Tweet 329
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1284 shares
    Share 514 Tweet 321
  • Dent Token Prediction for 2021 – 2025

    1225 shares
    Share 489 Tweet 306

Latest News

Binance Coin Price Prediction 2021-04-20

Binance Coin price prediction: Binance Coin continues retracing, set to consolidate later today

April 20, 2021
ETH Price Prediction

ETH Price Prediction: Ethereum plummets to the $2,000 range while showing signs of a further price dip

April 20, 2021
American retailer

American retailer Newegg enables Dogecoin payment

April 20, 2021
Litecoin price

Litecoin price prediction: LTC to retest $280 resistance

April 20, 2021
Chainlink Price Prediction 2021-04-20

Chainlink price prediction: Chainlink fails to move below $33, prepares for a reversal?

April 20, 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

Binance News
Ripple News
Cardano News

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
Sitemap

Exclusive Partners of

Footer 5

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
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • 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.